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in this lesson i describe why data and asset ownership are important and the responsibilities of those involved whenever someone has to do something and no one is specifically responsible then its likely that no one will perform the task governance role management acceptable use and data retention decisions with oversight require explicit personnel assignments this is a model of the information asset lifecycle from the nist sp 1800-5b each phase of this cycle requires a named decision maker and policy implementer security lifecycle tasks needing ownership include classification and categorization incident response vulnerability management risk management configuration management and change management an organizations ceo is the ultimate asset owner however information asset tasks are usually dedicated to department heads for example the vp of finance would be the financial systems and data owner employee data and related management systems would be owned by the vp of hr the owner del