from a trusty and reliable source that you know is 100% accurate. AGENDA What is information? It is important to have reliable information because you need to know if the information is correct. In my Understandable By User - This means that the information is easily understood by the audience, this could be easily readable, easily heard and well presented. decision making by a company. An example of the right level of detail would be if a manager asked you for a summary of the sale figures for the last 5 months, the information much have the right level of detail to show the overall figure for each month, and then the grand total afterwards. Discuss the characteristics of good information 2.1 Briefly explain all the characteristics of good information shown below:- • Valid- valid information is information that has understandable context and is a legal piece of information, therefore the information can be … 2.1 - Discuss the characteristics of good information: Information needs to have several characteristics to be of any value to you. present and not in the past or future. Research should be controlled-It should be controlled because of the relation between two or more variables are affected by each other (whether it is internal or external). of data and information collection it is very important that you make sure that Accessible information is information that you can store away and access Together, they make up the backbone of leadership across … It should contain all facts & figures as required by the user. 3 4. Valid data is unbiased where no one is against or for the data. This is They also need to make sure that the information is from a reliable source because you know that the information is 100% correct and will be accurate so the reader can provide input and help add more detail to the information. For example, a business would use characteristics of food information accessible- this is making sure that the information you are trying to find is accessible otherwise if you cant access the information it wont be relevant or reliable. opinion, this is one of the most important characteristics of good information If a business was looking to cut costs, they may look at their electricity bill and try to see if they could save and money and how much they could save. Whereas, if they understood the information then they can improve the information with their own input. Produce information that focuses on "exceptions" , eg problems, high or low values, where limits have been exceeded. All men and women should have a voice in decision-making, either directly or through … Good information must be Accurate – good information is based on correct and complete data, and it has been processed correctly as expected. P2 Discuss the characteristics of good information ( ) Studies, courses, subjects, and textbooks for your search: Press Enter to view all search results ( ) Reliable - Reliable information is information that has been proven to be correct, therefore making it reliable. A bakery would look at the costs of how much electricity they use and how much ingredients cost. Experience and research shows that good information has numerous qualities. MIS is flexible: MIS must be designed to be easily modified if, for example, different information is … is only useful if another user of that information can fully understand what it information. These characteristics are interrelated; focus on one automatically leads to focus on other. The main three characteristics of information in my opinion are understandable by user, confidence in source and reliable. Characteristics of Research: The characteristics of research include various points such as:-1. and some of these are accurate and reliable information that a business can It is imperative that information is of the four characteristics which one aforementioned in the previous sentence as the use of such information which is not of them could, quite possibly, make a member of staff at KFSC make a wrong decision which could, also quite possibly, … information. Five characteristics of high quality information are accuracy, completeness, consistency, uniqueness, and timeliness. In addition to the aforementioned characteristics (i.e., relevance, reliability, comparability, and consistency), the following qualities of accounting information affect its usefulness: understandability, materiality, and conservatism. Relevant - It is important for the information to be relevant when providing information about the subject. Fit for purpose. There are essentially 10 qualities of good information: It must be relevant It must also be clear There must be sufficient accuracy The information must be complete The information must also be trustworthy It must be concise Information must be provided in a timely manner It must be communicated to the right person It must… For example if you collect information and you don’t use it then it If there is a high population then opening the business would be a good idea as many people would be able to be a customer of your business. relevant to your purpose. Experience and research shows that good information has numerous qualities.Good information is relevant for its purpose, sufficiently accurate for its purpose, complete enough for the problem, reliable and targeted to the right person. An example of sufficiently accurate is a car speedometer. important that information needs to be accurate otherwise it is useless to the If they cant understand the information then they wont be able to work with the information or give any input into it. Keeping newspapers cheap means that the customer is more likely to buy the newspapers so the newspaper companies can make some profit from it. Submitted by IncludeHelp, on March 21, 2018 . Finally, they also need to make sure that the information is reliable because if the information is not reliable then you would be sending information that may not be correct and the reader would recognise this. If the printing process took a long time, then the information would not be easily accessible, whereas if the printing is very fast, the information is easily accessible. Unit 3 P2: discuss the characteristics of good information Briefly explain all the characteristics of good information shown below. Latto Unit 3 P2 - Discuss the characteristics of good information. If you were opening a business in Manchester, then it would be appropriate to look at the population in the surround area beside where you are opening the business. Closely define the objectives of any information reports. 1. It is one of Importance Of Good Information 4 5. Data that have been organized and processed for a purpose to make it useful for business in decision making, operational support and gaining advantages. current sale figures to work out the current profit/loss they are making or It will be from a valid and trusted source. down to marking information. I think that reliable, cost effective and valid. A good information system provides a framework for companies to evaluate themselves relative to these dimensions. ). businesses. by the user are the most important characteristics of good information. Right Level of Detail - This means that the information given must have have a decent amount of detail so that the audience is informed of what they must do on this subject. Most of the audience will have to understand what you a. re saying to them well in order for your presentation to make sense to them and for it to be successful. For example, a business would In this article, we are going to learn about the characteristics of Management Information System (M.I.S.). They need by the user else its no good and cant be used for anything. is important and it needs to make sure that you know that it is useful in the as they would not know what to do with it. They are usually sold in forms such as surveys. Information obtained and used should be neededfor decision-making - it doesn't matter how interesting it is. If you hand your manager some information and they cannot understand it, then he cant use the information for whatever he needs it for. If the information is not relevant, then it is not fit-for-purpose. Characteristics of Information Good information is that which is used and which creates value. are sure is correct. If the information is incorrect then more research will have to be done. won’t be fit for purpose. reader. Information it at another time or when you next require it. to see. the most important features that you need to make sure that information is using is a waste of time. If people are paying for their information, such as buying a newspaper, then the customer will want that information to be cost effective. For most information to be seen as reliable there will have to be evidence to back it up and prove it reliable. Timely is an important characteristic of good information. You don’t want to write too much detail but you It has to be valid, so it has to be unbiased, representable, and verifiable (so it can be checked against other sources to make sure it is accurate. another business around the area to see what works well for them to improve It is also important that you don’t go over the top when it comes Aspects from the subject must be present when giving the information to others in order for it to be relevant. Unless it contains all details, it is not useful. Importance of good information Characteristics of good information 2 3. Valid. Putting It Together: The Characteristics of a Good Leader. An example of valid information would be a news service. Complete information enables managers to make better decisions. 2.1: Having good information within a business is a vital part of a business’s success. Valid - Valid information is information that has been validated and the information is legal, meaning that it can be used in any context. Reliable: Reliable information if information that you can rely on as being correct. If the speedometer was wrong by 20 mp/h, this information may lead you to breaking the law and possibly risking your life as you may be involved in a car crash. You will need time so that you can read through your information and ensure that it is all correct. it is redeemed useless. Fit-For-Purpose - The information must be relevant to what you are actually trying to find out. They won't want to pay too much to find some information that you will most probably be able to see online on the internet for free. The data for example If KFSC looked at the profit they are making monthly Having good information within a business is a vital part of a balance. An example of valid information is information that you can trust, such as information supplied to you by the government. Valid information is information that is correct and can be used for the purpose that it is needed for. 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