The Value and Importance of Information
The importance of up to date, accurate and complete information.
Candidates should understand that:
The costs in terms of money, time and human resources to get good quality information.
The costs associated with:
Candidates should understand that:
- up-to-date, accurate and complete information adds value to organisations by
- aiding decision making
- monitoring progress (company and individual)
- targeting resources so giving a competitive advantage
The costs in terms of money, time and human resources to get good quality information.
The costs associated with:
- data collection (direct and indirect)
- data entry
- processing
- maintenance
Resources
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