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Hardware asset management (HAM) is the process of managing the physical components of computers, computer networks and systems. This begins with acquisition and continues through maintenance until the hardware's ultimate disposal. This is often handled by a HAM that must be familiar with the different hardware used by the organization and must interface with other management disciplines.
Hardware asset management is a subset discipline of IT asset management, which deals specifically with the hardware portion of IT assets. Common practices in this role include the request and approval process or simply procurement management and hardware life cycle management, which include maintenance, redeployment and disposal management.
The discipline is responsible capturing the financial information regarding all hardware assets and life cycles, which then aids the organization in making informed decisions based on measurable financial objectives.