Information Management And The Risk Assessment Process

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INTRODUCTION
OF DATA MANAGEMENT
RISK: “AN UNCERTAIN EVENT OR CONDITION THAT, IF IT OCCURS, HAS A POSITIVE OR NEGATIVE EFFECT ON A PROJECT’S OBJECTIVES.
RISK ASSESMENT
THE AIM OF THE RISK ASSESSMENT PROCESS IS EVACUATE A DANGER OR DIMINISH THE LEVEL OF ITS DANGER BY INCLUDING INSURANCES OR CONTROL MEASURES, AS FUNDAMENTAL. THUSLY, YOU HAVE MADE A MORE SECURE AND MORE ADVANTAGEOUS WORK ENVIRONMENT.
INFORMATION MANAGEMENT IS AN ORGANIZATION LEVEL GROUP OF PROCESSES AND ACTIVITIES WHICH NEED TO BE UNDERTAKEN TO MANAGE ALL THE RELEVANT INFORMATION THAT IS ASSOCIATED WITH ANY ENTITY. THESE PROCESSES ENCOMPASS INFORMATION ACQUISITION, INFORMATION STORAGE, PROCESSING, DISTRIBUTION, UPDATING, ARCHIVING AND/OR DELETION OF THE INFORMATION.
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DEPENDING ON THE LEVEL OF THEIR STAKES, THESE ENTITIES MAY OR MAY NOT HAVE RIGHTS TO ALTER, DISTRIBUTE, UPDATE, AND DELETE INFORMATION DEPENDING ON ORGANIZATIONAL NEEDS. THUS, INFORMATION MANAGEMENT ASSUMES A HIGHLY INTEGRAL AND CRITICAL POSITION FROM ANY VIEWPOINT IN THE PRESENT DAY TECHNOLOGICALLY ADVANCED BUSINESS SCENARIO.
AS ANY OTHER FORM OF MANAGEMENT, THE PRINCIPLE CONCEPTS APPLIED INVOLVE ORGANIZING, PLANNING, PROCESSING, STRUCTURING, EVALUATION, CONTROLLING, AND REPORTING OF ACTIVITIES REVOLVING AROUND INFORMATION HANDLING.

DATA ELEMENTS OF DATA MANAGEMENT
THE KEY ELEMENTS OR ASPECTS THAT CONSTITUTE A DATA MANAGEMENT SYSTEM, INVOLVES:
 DATA MANAGEMENT & ADMINISTRATION
 DATA MODELING
 DATA QUALITY & INTEGRITY
 DATA INTEGRATION, CAPTURE
 DATA CLEANSING, MIGRATION
 DATA DE-DUPLICATION
 DATA FORMAT
 DATA CONVERSION & TRANSFORMATION
 DATA WAREHOUSING

DATA MANAGEMENT & ADMINISTRATION
DATA ADMINISTRATION FORMS A KEY ASPECT OF INFORMATION MANAGEMENT AS IT IS THE FUNDAMENTAL RESOURCE NEEDED FOR INFORMATION PROCESSING FOR ANY AND ALL ENTERPRISES.
ACCORDING TO DAMA INTERNATIONAL - “DATA RESOURCE MANAGEMENT IS THE DEVELOPMENT AND EXECUTION OF ARCHITECTURES, POLICIES, PRACTICES AND PROCEDURES THAT PROPERLY MANAGE THE FULL DATA LIFECYCLE NEEDS OF AN ENTERPRISE.”
ACCORDING TO DAMA-DMBOK – “DATA MANAGEMENT IS THE DEVELOPMENT, EXECUTION AND SUPERVISION OF PLANS, POLICIES, PROGRAMS AND PRACTICES THAT CONTROL, PROTECT, DELIVER AND ENHANCE THE VALUE
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