Characteristics of good information Flashcards
How does being cost-effective make good information?
Get the same thing, with less money
How is the businesses confidence in the source important for good information?
A company wont use a source they dont trust
How does relevance affect good information?
Needs to be up to date and directly relate to the purpose of the information’s use.
How does accessibility affect good information?
The information needs to be understandable
How does the level of detail affect good information?
Doesn’t have unnecessary levels of detail
How does being timely affect good information?
The delay between asking for the information and receiving it
Benefits of good information?
Improves decision making, provide clear objective focus
Consequences of poor information?
Result in failed project, could cripple business long term
