A power management system configured to protect a plurality of information technology assets, the system comprising: a memory; at least one processor coupled to the memory; and a migration component executable by the at least one processor and configured to: identify the plurality of IT assets, the plurality of IT assets including at least one host server; generate an association between at least one IT asset and at least one power supply unit; receive a power-related event from the at least one power supply unit; correlate the power-related event with at least one affected IT asset based on the generated association; determine a sequence of actions, wherein the sequence of actions is configured to migrate at least one virtual machine from the at least one affected IT asset to a non-affected IT asset, and where in the sequence of actions includes actions identifying the plurality of virtual machines in an ordered list; and execute the sequence of actions; characterized by the generation of the association being performed automatically based on an IP address scheme, wherein the IP address assigned to each power supply unit has a particular last octet set to a predefined constant, wherein all IP addresses with matching subnet mask and a last octet above said constant are assumed to be IT assets connected to the respective power supply unit. a memory; at least one processor coupled to the memory; and a migration component executable by the at least one processor and configured to: identify the plurality of IT assets, the plurality of IT assets including at least one host server; generate an association between at least one IT asset and at least one power supply unit; receive a power-related event from the at least one power supply unit; correlate the power-related event with at least one affected IT asset based on the generated association; determine a sequence of actions, wherein the sequence of actions is configured to migrate at least one virtual machine from the at least one affected IT asset to a non-affected IT asset, and where in the sequence of actions includes actions identifying the plurality of virtual machines in an ordered list; and execute the sequence of actions; identify the plurality of IT assets, the plurality of IT assets including at least one host server; generate an association between at least one IT asset and at least one power supply unit; receive a power-related event from the at least one power supply unit; correlate the power-related event with at least one affected IT asset based on the generated association; determine a sequence of actions, wherein the sequence of actions is configured to migrate at least one virtual machine from the at least one affected IT asset to a non-affected IT asset, and where in the sequence of actions includes actions identifying the plurality of virtual machines in an ordered list; and execute the sequence of actions; characterized by the generation of the association being performed automatically based on an IP address scheme, wherein the IP address assigned to each power supply unit has a particular last octet set to a predefined constant, wherein all IP addresses with matching subnet mask and a last octet above said constant are assumed to be IT assets connected to the respective power supply unit.