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The MDM program's governance scope should include:
Suggested Answer: C
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Reference data and master data are distinct in several key characteristics. Here's a detailed explanation:
Reference Data Characteristics:
Stability: Reference data is generally less volatile and changes less frequently compared to master data.
Complexity: It is less complex, often consisting of simple lists or codes (e.g., country codes, currency codes).
Size: Reference data sets are typically smaller in size than master data sets.
Master Data Characteristics:
Volatility: Master data can be more volatile, with frequent updates (e.g., customer addresses, product details).
Complexity: More complex structures and relationships, involving multiple attributes and entities.
Size: Larger in size due to the detailed information and numerous entities it encompasses.
Data Management Body of Knowledge (DMBOK), Chapter 7: Master Data Management
DAMA International, 'The DAMA Guide to the Data Management Body of Knowledge (DMBOK)'
30 comments · newest first
BI
Billye
11 months ago
Master Data authored in the MDM UI is a must-have!
EL
Elizabeth
11 months ago
Wait, are we really including external parties? That seems risky.
WI
Wilda
11 months ago
All of the above makes sense for comprehensive governance.
LI
Linsey
12 months ago
I think external third parties should be part of it too.
TR
Tresa
12 months ago
Definitely includes internal data subscribers!
AL
Alex
12 months ago
I feel like all of these options are relevant to MDM governance, but I wonder if there's a specific hierarchy we should follow.
LE
Leota
1 year ago
I’m a bit confused about whether we should focus more on the data sources or the users. I think both are important, but I can't recall which one is prioritized in governance.
GE
Germaine
1 year ago
I remember a practice question that emphasized the importance of including all stakeholders, so I feel like option D might be the best choice here.
CA
Callie
1 year ago
I think the governance scope should definitely include internal data subscribers, but I'm not sure about external third parties.
CO
Cordelia
1 year ago
I feel pretty confident about this one. The key is that the governance scope should include all the entities that interact with the master data, so D is the correct answer.
LA
Laquita
1 year ago
Based on my understanding of MDM, the governance should cover all the stakeholders involved, so I'm going to go with D - All of the above.
KE
Kendra
1 year ago
I'm a bit confused by the options here. I'll need to think this through carefully to make sure I understand the scope of MDM governance before selecting an answer.
AL
Alex
1 year ago
Hmm, I'm not sure about this one. The governance scope could include internal data subscribers, external third parties, and data sources, so I'm leaning towards D - All of the above.
CH
Chana
1 year ago
This question seems straightforward, I think the answer is B - Master Data authored in the MDM user interface.
JA
Jamika
2 years ago
I was leaning towards A, B, and C, but after thinking it through, I agree that D is the best answer. Can't miss any important elements of the governance scope!
KE
Keneth
1 year ago
Definitely, we need to consider all aspects when defining the governance scope.
MA
Marci
1 year ago
Yeah, D makes sense to ensure we don't miss any important elements.
DA
Danica
1 year ago
I agree, but I also think D should be included to cover all bases.
MO
Mozell
1 year ago
Agreed, we can't afford to overlook any important elements when it comes to managing master data.
LA
Lavonda
1 year ago
I think D is the best answer too. We need to cover all bases in the governance scope.
JA
Jade
1 year ago
I think A, B, and C are important to include in the governance scope.
CA
Candida
2 years ago
Definitely D. An effective MDM program needs to have a comprehensive governance scope to ensure consistency and control across the entire master data ecosystem.
TH
Therese
2 years ago
I think option D is the correct answer. The governance scope of an MDM program should cover all aspects of master data management, including internal data subscribers, the master data authored in the MDM UI, and external third parties using the master data.
AL
Alise
1 year ago
Having a clear understanding of all data sources and users helps in maintaining consistency and accuracy in the master data.
CE
Celia
1 year ago
Including internal and external stakeholders in the governance scope is crucial for effective data management.
RO
Roslyn
1 year ago
It's important to have a comprehensive scope to ensure the integrity and quality of the master data.
SA
Salina
1 year ago
I agree, option D covers all the necessary aspects of governance for an MDM program.
JI
Jin
2 years ago
I believe that data sources of the master data should also be included in the governance scope to ensure comprehensive management and control.
TA
Tammara
2 years ago
I agree with Malcolm, including internal data subscribers, master data authored in the MDM user interface, and external third parties using Master Data is crucial for effective governance.
MA
Malcolm
2 years ago
I think the governance scope should include all of the above.