Which of the following process ensures that extracted data are ready for analysis?

A.
Data analysis

B.
Data validation

C.
Data gathering

D.
Data access

Explanation:

Data validation ensures that extracted data are ready for analysis. One objective is to perform data
quality tests to ensure data are valid complete and free of errors. This may also involve making
data from different sources suitable for comparative analysis.
Answer C is incorrect. Data gathering is the process of collecting data on risk to be monitored,
prepare a detailed plan and define the project’s scope. In the case of a monitoring project, this
step should involve process owners, data owners, system custodians and other process
stakeholders.
Answer D is incorrect. In the data access process, management identifies which data are
available and how they can be acquired in a format that can be used for analysis. There are two
options for data extraction:
Extracting data directly from the source systems after system owner approval
Receiving data extracts from the system custodian (IT) after system owner approval
Answer A is incorrect. Analysis of data involves simple set of steps or complex combination of
commands and other functionality. Data analysis is designed in such a way to achieve the stated
objectives from the project plan. Although this may be applicable to any monitoring activity, it
would be beneficial to consider transferability and scalability. This may include robust
documentation, use of software development standards and naming conventions.