Activities, components, and costs
Quantitative business cases are essentially made up of two components – expected benefits and expected costs. We must now start to look at the components that will make up the costs of our data quality initiative. We are going to determine how to analyze those costs and decide what should be included or excluded.
Activities in a data quality initiative
Before it is possible to understand the components of cost for a data quality initiative, you need to understand the activities that are usually required from start to finish. This section lists the typical activities in phases.
Chapter 2 outlined the data quality improvement cycle.
In my experience, the organization iterates through this cycle continuously and each iteration requires funding. This chapter will examine a single journey through the phases and identify the expected costs and benefits associated with it.
The first iteration usually requires more significant funding...
