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Types of Data in Construction Industry

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Questions and Answers

What is the primary driver for data management?

To enable organizations to get value from their data assets (correct)

To manage financial assets effectively

To convert physical assets to money

To reach organizational goals without using data

How is data often described in relation to information?

Data is wisdom

Data is knowledge

Data is the raw material of information (correct)

Data and information are the same

What has data been widely recognized as within enterprises?

Liability

Risk

Expense

Asset (correct)

What does a Data Management Charter typically include?

Overall vision, guiding principles, measures of success Signup and view all the answers

What does a Data Management Scope Statement specify?

Goals and objectives for a planning horizon Signup and view all the answers

What does a Data Management Implementation Roadmap identify?

Task assignments, milestones, and programs Signup and view all the answers

What type of data is information that can be counted or measured and given a numerical value?

Quantitative Data Signup and view all the answers

Which type of data includes all construction data in relation to the execution of a project?

Operational Project Data Signup and view all the answers

What is the purpose of Building Information Modeling (BIM) Data?

To provide a 2D or 3D rendering of a building useful across a construction firm Signup and view all the answers

Which type of data is valuable in helping contractors forecast the needs of specific projects?

Construction Data Signup and view all the answers

What does Financial Project Data encompass?

All aspects of a construction project and the associated amounts Signup and view all the answers

What does Data Management involve?

Development and control to enhance data value throughout lifecycles Signup and view all the answers