Option 1 Definitions of management

2. Requirements for information.
Information requirements are specifications of an information need.These are typically captured to request information or to develop an information system,process or document.The following are common examples of information requirementsThe following are common examples of information requirements.--Source. A specification of how information will be acquired.--Format. Format specifications such as a standard date format for a user interface.---Transformation. ...--Calculation. ...---Timeliness. ...--Structure. ...--Controls. ...--Information Security. The Information is the resource and becomes imperative to analyze and also access the Information requirements of an organization, according to which the suitable information can be provided to the management for doing the planning for the normal and the result oriented running of an organization. With the help of the analysation, one can easily come to know about the needs and the type of the Information that is required.So it is very difficult and at the same time very much important that the Information needs that are recognized are upto the mark and act suitably at the right time for the management for carrying on further with the process of the planning and then the decision making. In this step, there is generally a large possibility of the results going wrong and hence many system’s analysts refer this step to be very much critical and also at the same time they refer it to be very risky.The information needed to support a business or other activity. Systems analysts turn information requirements (the what and when) into functional specifications (the how) of an information system. Details and Summaries.Requirements are typically defined as lists of detailed transactions, such as orders and purchases, as well as summarized data from master records, such as customers, vendors and employees. How frequently this information is made available is also part of the requirement. A Group of Data Elements.The actual information is a collection of data elements that are obtained by running query and report programs against a particular database or group of databases. The data and information that are stored in the databases in the first place are also derived from the information requirements. See functional specification and desirement.