Strengths:
1. Clear policies and procedures ensure compliance and alignment with organizational goals.
2. Effective communication and education promote stakeholder awareness.
3. Centralized asset management improves accountability and resource use.
4. Cost control through visibility into asset lifecycles.
5. Risk mitigation through proactive asset management.
Weaknesses:
1. Resource constraints (staff, budget).
2. Incomplete data, especially for shadow IT.
3. Inconsistent adoption across departments.
4. Complex licensing management.
5. Technology integration issues.
Opportunities:
1. Automation and AI for improved efficiency.
2. Cost savings through optimization.
3. Improved vendor relationships.
4. Cloud and virtualization management.
5. Sustainability initiatives.
Threats:
1. Cybersecurity risks from unmanaged assets.
2. Non-compliance with regulations.
3. Rapid technological change rendering assets obsolete.
4. Shadow IT undermining the ITAM program.
5. Vendor lock-in limiting flexibility.