Standard: Asset Life Cycle Guidelines

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The following table includes a description of the various Statuses that can be attached to an ITS asset.

Asset Status	Description
Inventory	This is the initial status for all ITS assets and is assigned immediately upon receipt.
Active	Active assets are those that are in active use by College constituents.
Under Maintenance	Assets that are in ITS' possession and are in the process of being repaired, upgraded, prepped for deployment, or prepped for recycling.
In Circulation	Asset has been assigned to the Library to be loaned for a brief period of time.
Offsite Repair	Assets that have been sent to a third party service provider for repair or replacement.
Inventory	Assets that ITS has received (or reclaimed) and intends to deploy (or redeploy). The location for assets in inventory should be limited to designated ITS inventory locations.
To Be Recycled	Assets that are located in a designated area and have been prepared for recycling. Preparation may include the removal of hard drives, data, toner, or other measures for security and/or sustainability.
Recycled	Asset has been removed from the College's fleet by a recycling company.
Stolen	Asset has been stolen and Campus Police has been notified.

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