|1. Asset is an item valued and owned by an organization. It can be divided into physical, financial and non-financial assets.
Related Term: Information Asset
Notes (1): Examples of asset: Employees; Information/ Data; Facilities/ Equipment; Documents/ Publications; Infrastructure; Goodwill; Finances; and Organisational Image.
2. An item of property and/or component of a business activity/process owned by an organization. There are 3 types of asset: physical assets (e.g. buildings and equipment); financial assets (e.g. currency, bank deposits and shares) and non-tangible assets (e.g. goodwill, reputation).
(Source: Business Continuity Institute - BCI)
(Source: Australia. A Practitioner's Guide to Business Continuity Management HB292 - 2006 )