Monday, June 19, 2017

LO1: Good Information

Explain each characteristic of good information. Give one (1) example for each characteristic.

There are eleven (11) characteristics:

  1. Valid - Information that is correct and can be used for the purpose that is needed.
  2. Reliable - Information that is from valid and trusted source
  3. Timely - Information that is from the correct time period
  4. Fit for purpose - Information that is relevant to what you need it for
  5. Accessible - Information that is stored in a way that can be access anytime and anywhere
  6. Cost-effective - Information that is worth investing time and money to help make business        decision. 
  7. Sufficiently accurate - Information that is accurate and help business make correct decision
  8. Relevant - Information that is directly related to business need
  9. Right level of detail - Information that are correct level of detail and have correct information
  10. From a source in which the user has confidence - Information that is reliable and can be trusted
  11. Understanding by the user - Information that is used for a business purpose needs to be understandable by the end user. 
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