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Information Quality Applied: Best Practices for Improving Business Information, Processes and Systems
book

Information Quality Applied: Best Practices for Improving Business Information, Processes and Systems

by Larry P. English
October 2009
Beginner to intermediate content levelBeginner to intermediate
839 pages
29h 16m
English
Wiley
Content preview from Information Quality Applied: Best Practices for Improving Business Information, Processes and Systems
552 Part III n Information Quality Applied to Core Business Value Circles
EXTERNAL
INFORMATION
STAKEHOLDERS
INFORMATION INTERESTS
Creditors Creditors want assurance that the financial position of the
Enterprise is sound and their loans will be repaid.
Neighborhood
Communities
Communities want assurance that the financial position of
the Enterprise will keep the economy of their neighborhood
growing.
Regulatory
Investigators and
Agencies
Regulators want assurance that the Enterprise will do good by its
Stakeholders, mentioned above.
The Financial and Risk Management Information
Value Circle: “Budget-To-Profit”
The Financial and Risk Management Information Value Circle: “Budget-To-Profit,”
is required to ensure that money is spent wisely and decisions are made soundly
for the benefit of all Stakeholders. Figure 12-2 illustrates this Value Circle.
1. Understand
Mission, Customers,
Products [Better]
2. Analyze
Risk
9. Report to
Stakeholders
and Regulators
3. Plan Budgets to
Meet Enterprise
Mission
8. Analyze
Return-on-
Investment
4. Invest /
Spend to Plan
7. Audit
Financial
Results
5. Deliver
Value to
Stakeholders
6. Account
for Income
and Expenses
Figure 12-2: “Budget-to-Profit” Value Circle
Table 12-2 (continued)
34474c12.indd 552 8/28/09 3:40:44 PM
Chapter 12 n IQ Applied to Financial and Risk Management ...
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Publisher Resources

ISBN: 9780470134474Purchase book