Final answer:
The lifecycle of an asset begins when the asset is procured, not when it is deployed, requested, or when a request is fulfilled.
Step-by-step explanation:
The lifecycle of an asset typically begins at procurement, which is the process where the asset is researched, selected, and then acquired. The procurement stage involves evaluating the need for the asset, considering the specifications required, making purchase decisions, and the financial transaction to acquire the asset. This stage is critical as it lays the foundation for how the asset will be used, managed, and its eventual disposal.
Although a request for the asset may be received prior to procurement, and the asset is certainly part of a process once deployed or requested, the actual lifecycle begins when the asset becomes a part of the organization's holdings—this occurs at procurement (Option B). After procurement, the asset goes through deployment, operation, maintenance, and finally, disposition. Thus, the correct answer is B. When the asset is procured.