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?

<p>Overall vision, guiding principles, measures of success (A)</p> Signup and view all the answers

What does a Data Management Scope Statement specify?

<p>Goals and objectives for a planning horizon (A)</p> Signup and view all the answers

What does a Data Management Implementation Roadmap identify?

<p>Task assignments, milestones, and programs (A)</p> Signup and view all the answers

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

<p>Quantitative Data (D)</p> Signup and view all the answers

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

<p>Operational Project Data (B)</p> Signup and view all the answers

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

<p>To provide a 2D or 3D rendering of a building useful across a construction firm (B)</p> Signup and view all the answers

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

<p>Construction Data (C)</p> Signup and view all the answers

What does Financial Project Data encompass?

<p>All aspects of a construction project and the associated amounts (C)</p> Signup and view all the answers

What does Data Management involve?

<p>Development and control to enhance data value throughout lifecycles (D)</p> Signup and view all the answers

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