Definition
Ownership is the enduring assignment of an area, Process, product, service or Asset to a person or organisational unit responsible for its overall direction, development and condition.
Human Explanation
An Owner ensures that the assigned area continues to function, develop and receive Decisions over time.
Why it Matters
Clear Ownership provides continuity and identifies who must ensure that an area is governed beyond individual tasks or projects.
Conceptual Boundary
Ownership does not mean performing every activity personally. It means ensuring that the whole area has direction, maintenance, appropriate Decisions and assigned Responsibilities.
Practical Perspective
Organisations commonly assign Owners to Processes, products, systems, data and services. Ownership should include sufficient authority and a clearly defined boundary.