Managing information

Summary 1. Problems 2. Solutions 3. Identification(1) 3. Identification(2) 4. Practice(1) 4. Practice(2) 5. Example 6. Action 7 The board pack 8. More examples Download book Exit

6. Personal action

The example in chapter 5 gives an idea as to how we can apply the principles in this document. What personal action can we take?

• A flowchart of the process to use is summarised on the right.
• There is a form below to record the results of the process.
• When asking for information:
• Make sure that the information to be provided will be sufficient to make the decision – no more, no less.
• Tell the provider what decision you wish to make or, if it’s confidential, be clear in your own mind what it is.
• When asked to provide information:
• Ask what decision is to be made, based on the information requested (assuming such a question won’t result in termination of employment).
• Confirm that the information you will provide is exactly what is required.

OBJECTIVE: Increase sales of ice creams by 6%

Timing:

Advertising information: provide sufficient time to prepare and launch campaign.

New product: provide sufficient time to research and launch new product.

Accuracy:

Use @RISK calculations to determine the sensitivity of the cost justification calculations.

To see how this action can be used for the Board Pack click here.

What are your objectives?

How accurate does it need to be?

When is the information required?

What information is required to make these decisions?

What decisions have to be made to reduce these risks to an acceptable level?

What are the risks likely to hinder these objectives?