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Asset Management

5 minutes 5 Questions

Asset Management is the process of tracking and managing the various hardware and software components that make up a network infrastructure. This includes routers, switches, servers, workstations, operating systems, applications, and other resources. Asset Management helps network administrators maintain a clear understanding of the devices and resources in their network, identify end-of-life or outdated equipment, address licensing issues, and plan for future network upgrades. By keeping an accurate inventory of network assets, administrators can more effectively balance resource allocation, identify risks, and maximize network performance.

Guide: Asset Management in CompTIA Network+

What is Asset Management?
Asset Management in the context of Network Monitoring refers to the systematic process of developing, operating, maintaining, and selling network assets strategically and cost-effectively. It covers both hardware assets like routers, switches, and servers, as well as software assets like operating systems and application software.

Why is it Important?
Asset Management helps to keep the network running efficiently, reduce costs, improve performance, and reduce risks related to network assets. It is also essential for planning, decision making and managing the life cycle of network assets.

How it Works?
Asset Management involves several steps starting from acquisition of network assets, followed by tracking, maintenance, upgrade, and disposal when no longer needed. It also incorporates software license management, configuration management, and risk management.

Exam Tips: Answering Questions on Asset Management
Understanding questions related to Asset Management is about understanding the lifecycle of network assets, from acquisition to disposal. Emphasize on the importance of each stage and its contribution to overall network performance. For technical questions, study the common tools and techniques used in Asset Management like configuration management systems and license management tools.

Note: Remember that Asset Management is not just about tracking network assets, but also about strategic decision making and risk management.

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CompTIA Network+ - Network Monitoring Example Questions

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Question 1

A company's network administrator is responsible for creating an accurate inventory of all network devices for asset management. After discovering a device outside of the established inventory list, which approach should they take?

Correct Answer: Investigate the unauthorized device, then update the inventory list.

The best approach for the network administrator upon discovering an unauthorized device is to first investigate it, then update the inventory list. This is because unauthorized devices could present security threats or issues around licensing and compliance, and it's important to ascertain their purpose and origins. Hence, option 'Investigate the unauthorized device, then update the inventory list' is the best answer. The other answers are not best practices for the following reasons: simply ignoring the device and continuing with the original list could leave the network vulnerable to security threats. Discarding the device without identification might not address the root problem, as unauthorized devices could still get into the network. Finally, only reporting unauthorized devices to management without further action would not be responsible, as the administrator's role also includes maintaining and updating the inventory list.

Question 2

A network engineer is performing a routine audit of network assets. They notice that a recently upgraded router's serial number does not match the one in the asset register. What should be the engineer's next step?

Correct Answer: Verify the asset register and update it with the correct serial number.

The best step for the network engineer to take next is to 'Verify the asset register and update it with the correct serial number.' This is the most prudent course of action since it ensures that the asset register accurately reflects the physical assets in place. It is also a way of confirming the identity of the new router to ensure that it is the correct one that was indeed supposed to be installed. The other options are not ideal. 'Assume the asset register is accurate and replace the upgraded router' is not a good approach since it doesn't address the discrepancy, and could potentially result in replacing a perfectly good router. 'Ignore the discrepancy and continue with the audit' is also not advisable because this could lead to inaccurate record keeping. Lastly, 'Update the asset register without verifying the information' is also a bad practice, as it could introduce incorrect information into the register.

Question 3

An IT manager wants to establish an inventory of all software installed on the corporate network. Which technique should they employ?

Correct Answer: Implement a software asset management tool

A software asset management tool efficiently collects and maintains a complete inventory of installed software. Manually reviewing or relying on employees is less accurate and time-consuming.

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