What is the usual method followed in the asset management process? The asset management process usually begins with the identification and documentation of assets owned by the organization. The organization can determine how to obtain, manage, maintain, control, replace or dispose of the asset. This is the 'how' of the asset management process. The understanding of asset management for a business will make it aware of the importance of maintaining records of the assets and also keep track of the assets on a regular basis. The asset and management process will help to reduce wastage, utilize the resources to the maximum and help in budgeting.