Good Quality Information - ACCURATE Flashcards
What is the acronym used to remember the attributes of good quality information?
ACCURATE
What does ACCURATE mean?
Accurate
Complete
Cost effective
Understandable
Relevant
Authoritative
Timely
Easy To Use
What does Accurate mean?
Decision-making relies on accurate information, which is free from bias.
What does Complete mean?
Information that is provided to managers and decision-makers must be complete.
What does Cost-Effective mean?
The usefulness and value of information must be greater than the cost of producing it.
What does Understandable mean?
The style, format, detail and complexity of information should fit the user’s needs.
What does Relevant mean?
Information should be fit for purpose, and communicated to the right person.
What does Authoritative mean?
Information should come from a reliable source.
What does Timely mean?
Information should be communicated in sufficient time to allow users to make necessary decisions.
What does Easy To Use mean?
Information should be provided in a way which is easy to use.