1. A power management system configured to protect a plurality of information technology (IT) 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 power supply unit and 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 execute the sequence of actions.