Measurement & information analysis

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Post on 11-Aug-2014

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Organizations run on data. They use it to manage projects and the enterprise, make decisions, and guide improvement. In the quest to beat the competition by making products and processes better, faster, and cheaper, having and using high quality data and information is an input to every key decision.

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S.M Tauqeer Institute of Business & Technology smtouqeer@gmail.com +92 322 2105866 Measurement is the process observing and recording the observations that are collected as part of a research effort. For example, instead of saying that someone is tall, we can specify a measurement and specify that the Individual is 6 feet tall. Data that is (1) Accurate and timely, (2) Specific and Organized for a purpose, (3) Presented within a context that gives it meaning and relevance, and (4) Can lead to an increase in understanding and decrease in uncertainty. Information is valuable because it can affect behavior, a decision, or an outcome. For example, A single student GPA is a Data but an average student GPA is a information. A systematic examination and evaluation of data or Information, by breaking it into its component parts to uncover their interrelationships. An examination of data and facts to uncover and understand cause-effect relationships, thus providing basis for problem solving and decision making. Why measure? Because without data, you only have opinions. Why analyze? Because the data you collect can't help you if you don't understand it and use it to shape your decisions. Measurement and analysis involves gathering quantitative data about products, processes, and projects and analyzing that data to influence your actions and plans. Measurement and analysis activities allow you to characterize, or gain understanding of your processes, products, resources, and environments evaluate, to determine your status with respect to your plans predict, by understanding relationships among processes and products so the values you observe for some attributes can be used to predict others improve, by identifying roadblocks, root causes, inefficiencies, and other opportunities for improvement Measurement and Information analysis is a comprehensive activity by which an organization's systems, capacity, and functionality are assessed in order to increase its efficiency, performance, and output. Each and every System, Department, Business or Division responsible for its own M&IA to increase performance and reliability. Each and every System, Department, Business or Division responsible for its own M&IA to increase performance and reliability. M&IA is a written not oral sometime, help to make decision very easily by documentary proof. An effective organizational system for continuous performance Data Information Measurement Analysis Evaluate Decision Making Implementation Result Human Resource Production Accounts & Finance Operations Questionnaire Session

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