1. Identify the asset--- valuing and prioritizing based on below factors
The cost of purchasing or replacing the asset The operational impact of unavailability of the asset (identified through business impact analysis) Effect of harm to the asset Time required to replace the asset Reputational impact from unavailability of asset
Quantitative – Numerical---for ranking
Qualitative- interviews, surveys and industry publications --for impact analysis
Note: Asset direct monetary value may be minimal while its cumulative value to the organization is significant.