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Understanding and Implementing Master Data Management

Overview

Master data is a collection of key objects, around which the business processes of an enterprise can be modeled and analyzed. Master data can include structured data elements, such as commonly used entities, attributes, hierarchy definitions, and some unstructured data elements such as business rules. Sharing data and relating it to other data is also a challenge when the organization does not know its master data and the meta data associated with master data, and does not understand the relationship between meta data and information intelligence. This course will provide you with concepts, techniques and approaches to building a master data management program for your organization, and will provide a plan for implementing master data management throughout your enterprise. This ICCP-certified course is a workshop since concepts are assimilated easier when they are practiced. The workshop is built around actual case studies of an organization interested in developing and implementing a master data management program.

Benefits To Your Company

Good master data management provides:

  • Clear, concise, consistent data to support business processes and decision making
  • Policy driven management of data as a business asset across all levels of the organization
  • A central focus for establishing and documenting enterprise policies, procedures, and standards and for managing data resources (human, systems, data objects)
  • Manage alignment of business data requirements with the Data Management Infrastructure
  • Common standards and procedures for capturing, storing and disseminating data for all of the organization’s information technology efforts

Who Should Attend

  • Data architects
  • Enterprise architects
  • Data administrators
  • Database administrators
  • Database designers
  • Systems analysts
  • Business analysts
  • Project managers
  • IT professionals

Learning Objectives


You will understand:

  • The importance of master data management to the improvement of business information sharing and process alignment
  • The concepts and principles of master data management
  • The process of creating a master data management program
  • The key roles in a master data management organization, including data and meta data stewardship
  • Principles and practices in meta data and data governance through master data management
  • Issues, concerns and solutions to master data management and its implementation

You will:

  • Develop a master data management strategy for an organization
  • Develop an approach for meta data and data governance and stewardship within master data management
  • Learn how to work collaboratively and the benefits of sharing experiences and solutions to meta data issues and concerns

What Makes This Certified Course Unique

This ICCP-certified course provides participants with practical, in-depth understanding of enterprise-wide data management and its components. Through case studies and team interaction attendees will attain the real-world implementation skills necessary to build a successful master data management.

Course Outline

  1. Understanding master data
    • Defining master data
    • Technical master data
    • Business master data
    • Master data and its relationships to meta data
  2. Concepts and principles of master data management
    • Data model
    • Historical archiving
    • Aggregation and hierarchies
    • Workflow and process modeling
    • Data quality
    • Unstructured data
    • Access to information
    • Business and technical collaboration
    • Distribution and data sharing
    • Service oriented architecture (SOA)
  3. How to implement a master data management program
    • Master data management project plan
    • Creating the meta data project plan
    • Meta data ROI definition
    • Challenges of implementing a master data management program
    • Components of a master data management program
    • Constructing the master data management program scope document
    • Defining meta data requirements for a master data management program
    • Identifying sources of master data
    • Integrating sources of master data through meta data
    • Roles in master data management
    • Approaches to master data management program development
    • Understanding the key master data management vendors
      • Evaluating master data management tools (integration and access)
      • How to evaluate master data management tool vendors
    • Meta data management architecture as part of master data management
      • Centralized, decentralized, and distributed
  4. Introduction to information governance and stewardship
    • Data governance overview
    • Roles in data governance
    • Alignment of data governance and master data management program
  5. Implementing the meta data strategy
    • Implementation issues
    • Successful strategy situation
  6. Role of people, process and technology in master data management
  7. Workshop conclusion
    • Summary, additional exercises, sources for further reading, etc.

Standard Duration

  • 3 days (may be customized as needed)

To learn more about how EWSolutions can provide our World-Class Training for your company or to request a quote, please feel free to contact David Marco, our Director of Education at DMarco@EWSolutions.com or call him at 630.920.0005 ext. 103.