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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
572 Part III n Information Quality Applied to Core Business Value Circles
Note As Budget Estimates require adjusting during the fiscal year, docu-
ment the changes along with the reason for them. Retain the original budget
estimates along with the updated estimates throughout the year.
Identify the Information Value Circle
Follow TIQM Step P2.3 in Chapter 5. In order to understand process capability,
you must understand the processes that make up the Information Value Circle
that creates the Budget Information. Document this Value Circle using a Value
Circle format as illustrated in Chapter 5, “The Step-by-Step Guide to Assessing
Information Quality,” Figure 5-14, or in the Value Chain format in my first book,
9
or another Process or Information Work Flow model.
Note This should be the Enterprise budget planning life cycle.
Note For external reporting, you will follow the External Reporting Rules
provided by the Regulatory authority for your Enterprise.
Determine Information Store or Process to Assess
Follow (TIQM P2.4) in Chapter 5. The Budget Planning Cycle is the process
being assessed.
Note This is a soft measure. Remember that “close” is the goal (it does not
have to be precisely “on budget” but “near budget”) as defined by the Finance
Department.
tip To measure the Precision of your Forecast, use a “Forecast Accuracy”
technique that measures your Budget compared to the For ...
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Publisher Resources

ISBN: 9780470134474Purchase book