Monday, 19 June 2017

LO1 - Good Information

Characteristic of Good Information

1. Valid - the information is correct

2. Reliable - information that can rely on as being correct

3. Timely - information from the correct time

4. Fit for purposes - relevant to what you need for

5. Relevant - directly related to yout business need

6. Accessible - stored in a way that it can be easily accessed at any time

7. Cost Effective - worth investing the time and money to get to help make business decisions

8. Sufficiently accurate - helps business make the correct decision

9. Having the right level of detail - having the correct information details

10. From a source in which the user has confidence - reliable and can be trusted

11. Understandable by the user - need to be understood by the end user

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