Appendix F: Building Taxonomy


Taxonomy is the name given to describe a controlled grouping of terms and language used to find and provide consistency within a specific subject field. It is a living document that might never be considered finished because it is constantly evolving alongside of changes to the organization’s business operations and functions. A good taxonomy should be flexible enough to adapt to any changes so it does not have to be re-created.
Through taxonomy, organization can provide their stakeholders (ie, employees, investors, etc.) with a set of terms and language that are:
• common and support the aggregation of common information across the organization
• comprehensive and thoroughly identify components of the subject ...

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