BSBINM601A Manageknowledgeandinfo
ELEMENT 1: OBTAIN INFORMATION RELEVANT TO BUSINESS ISSUES
1. What are the key information requirements that should be looked at when gathering information?
The key information requirements are:
Information purpose: examine purpose which end user requires given information. The purpose is assisting when we have to determine the type of information that we need to provide.
Scope: who requires information? Determining the scope of required information will allow us to determine the amount of data we need to obtain and amount of processing that is required.
Form: determine most suitable form of information (visually, orally, written)
Presentation: form of presentation, handouts and level of presentation
Resources available: amount of data and information that is required to present I simply affected by the resources we have available
2. What are the three major resource constraints that may be placed by budgets? Briefly explain each constraint.
Scope:
The scope has to be set how wide the information is going to be – depending on the coverage of the topics. When defining the scope of the information required it will allow you to set the amount of data we need to gain and the amount of processing that might be required.
Time:
The time depends on the project – the wider it is the more time it takes to work through the resources. The money that we get to finish this project also affects this. So when the budget is not that high, we won’t be able to spend much time for it.
Expertise:
The expertise is affected by the money we have. A hired specialist for a project cost money and if the budget is not enough for someone to assist us we need to research and study the topic to help ourselves. The disadvantage of not having an expert is that it could affect the results, as it might not be that accurate without having the 100% knowledge about it.
3. Information for management decision-making comes from two different sources. What are they? Explain each source.
1. What are the key information requirements that should be looked at when gathering information?
The key information requirements are:
Information purpose: examine purpose which end user requires given information. The purpose is assisting when we have to determine the type of information that we need to provide.
Scope: who requires information? Determining the scope of required information will allow us to determine the amount of data we need to obtain and amount of processing that is required.
Form: determine most suitable form of information (visually, orally, written)
Presentation: form of presentation, handouts and level of presentation
Resources available: amount of data and information that is required to present I simply affected by the resources we have available
2. What are the three major resource constraints that may be placed by budgets? Briefly explain each constraint.
Scope:
The scope has to be set how wide the information is going to be – depending on the coverage of the topics. When defining the scope of the information required it will allow you to set the amount of data we need to gain and the amount of processing that might be required.
Time:
The time depends on the project – the wider it is the more time it takes to work through the resources. The money that we get to finish this project also affects this. So when the budget is not that high, we won’t be able to spend much time for it.
Expertise:
The expertise is affected by the money we have. A hired specialist for a project cost money and if the budget is not enough for someone to assist us we need to research and study the topic to help ourselves. The disadvantage of not having an expert is that it could affect the results, as it might not be that accurate without having the 100% knowledge about it.
3. Information for management decision-making comes from two different sources. What are they? Explain each source.