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Information Based Decision Making

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Information Based Decision Making
Information Based Decision
Making

Terms of Reference .................................................................................................... 3
1. Be able to identify and select sources of data and information ............................ 4
Data and Information .............................................................................................. 4
Characteristics of Good Information ............................................................................... 6
Sources of Information ................................................................................................... 9
Nature of Information...................................................................................................... 9
Legal Requirements ......................................................................................................15

2. Be able to analyse and present information to support decision making ............ 18
Decision Making.................................................................................................... 18
Who should be involved in decision making ..................................................................21

3. Be able to communicate the results of information analysis and decisions ........ 23
Communication ..................................................................................................... 23
Reflective Statement ................................................... Error! Bookmark not defined.
References............................................................................................................ 24

TERMS OF REFERENCE
This report will demonstrate my skills, understanding, knowledge and abilities in the principles of information based decision making.

I will demonstrate that I can:

 identify and select sources of data and information

 analyse and present information to support decision making

 communicate the results of information


References: the same but they are not. Jessup & Valacich (Pg 6, 2003) define data as being ‘raw material – recorded, unformatted information, such as words and numbers’ Information is used, within organisations, to help with decision-making. According to Bocij, Chaffey, Greasley & Hickie (1999) the characteristics of the decisions taken in
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