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Chapters 2 - 7 (Ch 7: Success, Risk and Continuation (Best practice is to…
Chapters 2 - 7
Ch 7: Success, Risk and Continuation
Best practice is to start small with clear questions and goals.
- Who will use the model?
- Is management on board with the project? 3. Can the model drivers be visualized?
- How much value can the model produce?
Management support is especially important at the end of a project when decisions are made about model implementation into the information workflow
There is no way to evaluate the extent to which a model will drive value until after the data has been collected and cleaned
Potential risks are model risks, ethical risks, cultural risks, and environmental risks.
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