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Learn more at https://www.anglepoint.com/lightning-... In this lesson of Software Asset Management 101, our focus deepens into the software asset lifecycle. The preceding topics have laid the foundation by exploring the importance of SAM, understanding software entitlement, harmonizing it with software discovery, and managing licenses. Now, the spotlight turns to viewing software from a holistic perspective – from inception to termination – and how it integrates with vital organizational processes. The first phase in the software asset lifecycle is the “Software Request” phase, where stakeholders or end-users identify software needs and follow a request process. This often involves user-friendly portals and standardized software catalogs, simplifying the process. For non-standard software requests, an “Asset Acquisition Committee” evaluates them, considering factors like cost, existing technology, and risk. The subsequent “Software Approval” phase involves timely and transparent workflows, either automated or involving designated personnel, to review and approve/deny software requests. This phase ensures alignment with budget constraints, organizational goals, security, and licensing requirements. Next, we delve into the “Software Procurement” phase, where approved software is acquired. This step may involve vendor selection, negotiating terms, and conducting entitlement checks to determine if existing licenses can cover the purchase. Here, software asset management’s role becomes evident in checking for available licenses before proceeding with procurement. After the “Software Procurement” phase comes the “License Assignment and Deployment” phase. Once acquired, software is assigned to specific users, departments, or devices. This step is crucial for accountability, especially in chargeback models. After assignment, the software is deployed and installed, optimizing efficiency and value generation. The core of the lifecycle is the “Asset Management” phase. Here, the focus shifts to monitoring and managing the software throughout its life. It involves tracking software movement, user changes, and any compliance-related updates. Effective governance ensures adherence to licensing agreements and optimal resource utilization. Finally, the “Software Retirement and Disposal” phase marks the end of the lifecycle. When software is no longer in use or reaches its end-of-life, it’s uninstalled and removed from the environment, concluding the software’s lifecycle. Throughout the lifecycle, the goal is to minimize time to value, enabling users to access software efficiently and discouraging bypassing SAM processes. The video underscores the significance of continuous governance and tracking in maintaining compliance and optimizing software usage. In conclusion, this lesson sheds light on the comprehensive software asset lifecycle, highlighting the various phases from request to retirement. If you seek further clarity on this lifecycle process, feel free to reach out to Anglepoint through anglepoint.com. We hope that you now have a holistic understanding of software management, ensuring effective and compliant software utilization within organizations.