Unit 5 – Data Modelling
Ass1 – P1, P2, M1 and D1
,P1 - Stages in Understanding the Scenario
• Having the information about the background of the company,
Decision
financial environments and the factors that influence the situati
Making
• Recognising the limitations and restrictions concerning the
potential decision.
• Understanding the desired outcome that is wanted after implem
the decision.
• Evaluating the potential risks that may be associated with the c
put forth.
• Making use of all the available data so comprehension of the sc
can come about.
, Gathering primary data (first hand)
Identifying Gathering secondary data (data whi
already exists)
informatio
n and
sources Consulting with experts, who specia
within the field/ industry
Implementing technological tools an
software for assembly and analysis o
information
Ass1 – P1, P2, M1 and D1
,P1 - Stages in Understanding the Scenario
• Having the information about the background of the company,
Decision
financial environments and the factors that influence the situati
Making
• Recognising the limitations and restrictions concerning the
potential decision.
• Understanding the desired outcome that is wanted after implem
the decision.
• Evaluating the potential risks that may be associated with the c
put forth.
• Making use of all the available data so comprehension of the sc
can come about.
, Gathering primary data (first hand)
Identifying Gathering secondary data (data whi
already exists)
informatio
n and
sources Consulting with experts, who specia
within the field/ industry
Implementing technological tools an
software for assembly and analysis o
information
