Business Assets · Lifecycle · Component
The disposal procedure
What happens when an asset leaves — data, regulation, contracts and record, in an order that does not depend on who is doing it.
The deliverable
What it is
Disposal is treated as the end of a process and is actually a process of its own, with obligations that outlast the asset.
The three that cause difficulty are data still on the device, regulated materials, and contracts that continue billing after the asset has gone.
One level in
What it is made of
Each element is a constituent part of the component. Follow one to see the attributes it carries.
The data step
What data the asset holds and how it is destroyed or migrated.
3 attributes: Data held · Method · Evidence
LearnThe obligations
Regulatory, environmental and contractual requirements attached to disposal.
3 attributes: Obligation · Obligation type · Status
LearnThe record closure
Updating the register, the accounts and anything that referenced the asset.
3 attributes: Disposed · Records updated · Confirmed by
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Contracts continue after physical disposal. That is how organisations keep paying for assets they no longer have.
The other components in lifecycle
The lifecycle cost model
What an asset costs across its whole life, which is usually several times its purchase price.
LearnThe replacement schedule
When each asset is expected to be replaced, set at acquisition so that replacement is planned rather than triggered by failure.
Learn