Glossary
C
Consequence
In the context of a data project, this refers to an outcome or result, whether positive or negative, that can occur as a direct or indirect effect of project actions or decisions.
D
Data Project
A specific initiative focused on working with data, often involving data collection, analysis, and the pursuit of particular goals or objectives.
Data Lifecycle
The stages through which data passes, from its creation or acquisition to its disposal or archiving.
E
External Factors
Events or conditions outside the project that can impact the project's outcomes, such as changes in regulations, market conditions, or technological advancements.
I
Impact
The effect or influence that a consequence may have on a project, stakeholders, data, or other relevant aspects. Impact can be categorised as low, medium, or high.
Intended Consequences
Positive outcomes that a project aims to achieve, aligned with its objectives and goals.
K
Key Performance Indicator (KPI)
A measurable metric that indicates the success or progress of a specific action or outcome. KPIs are used to track and evaluate performance in various aspects of a project.
L
Likelihood
The probability or chance of a consequence occurring. Likelihood can be categorised as low, medium, or high.
M
Mitigation Action
Specific steps or measures taken to reduce the impact or likelihood of a risk consequence.
O
Objectives
Specific, measurable goals and desired outcomes that the project aims to achieve.
P
Project Overview
A concise summary of the data project, including its purpose, goals, and context.
R
Risk Register
A document that centralises information related to the assessment and management of risks in a project. It typically includes details about project objectives, stakeholders, identified consequences, and risk management strategies.
Risk Assessment
The process of evaluating the potential impact and likelihood of identified risks in a project to prioritise and manage them effectively.
Risk Management
The systematic process of identifying, assessing, mitigating, and monitoring risks to achieve project objectives and minimise negative impacts.
Risk Management Table
A structured format for categorising and managing identified consequences, typically including information on impact, likelihood, mitigation actions, and KPIs.
Risk Priority
Assigning priority levels to risks or actions to indicate their relative importance or urgency.
Regulatory and Compliance Requirements
Legal or industry-specific rules and standards that the project must adhere to when handling data.
S
Stakeholders
Individuals, teams, or organisations involved in or affected by the project. They can be categorised as internal or external stakeholders.
U
Unintended Consequences
Results, both positive and negative, that are unexpected or unforeseen and may arise during a project's execution.