As part of its annual workplan, the Office of Internal Audit conducted an audit of the Information Technology Asset Management in WFP. The audit focused on governance, including risk management practices, life cycle management (from planning to disposal) and the mechanisms in place to safeguard these assets. WFP is implementing a decentralized asset management model with responsibilities in headquarters shared between the Management Services, Supply Chain and Technology Divisions, and the corresponding functional units in regional bureaux and country offices.
Effective management through the asset lifecycle from acquisition to disposal is integral to WFP's accountability to safeguard the resources entrusted to the organization. Effective asset management should enhance the safety and security of assets; reduce the asset's monetary and environmental costs; optimize the use of the assets; and prevent loss or damage. Information technology assets carry particular risks and responsibilities as these assets are used to process organizational data, which needs to be safeguarded against loss, unauthorized access, or breaches. Based on the results of the audit, the Office of Internal Audit reached an overall conclusion of some improvement needed.
Effective management through the asset lifecycle from acquisition to disposal is integral to WFP's accountability to safeguard the resources entrusted to the organization. Effective asset management should enhance the safety and security of assets; reduce the asset's monetary and environmental costs; optimize the use of the assets; and prevent loss or damage. Information technology assets carry particular risks and responsibilities as these assets are used to process organizational data, which needs to be safeguarded against loss, unauthorized access, or breaches. Based on the results of the audit, the Office of Internal Audit reached an overall conclusion of some improvement needed.