Modeling the Cost Reduction of Master Data Management

Modeling the Cost Reduction of Master Data Management

Van der Beek, M.J.G.

Hidders, A.J.H. (mentor)
Scheurwater, M.W. (mentor)
Houben, G.J.P.M. (mentor)
Janssen, M.F.W.H.A. (mentor)

Electrical Engineering, Mathematics and Computer Science

Computer Science

Information Architecture

2013-05-22

Much research has been done on the advantages of Master Data Management (MDM) and the problems that poor MDM may cause. Much is also known about the importance of data quality. However little is known about quantifying and structuring the costs related to MDM. In this thesis the question ”How can the possible reduction of costs for organizations which may result from implementing Master Data Management be modeled?” is investigated. This research presents an extensible meta-model for the costs related to MDM, which provides a method to structure these costs and compare them in different situations (e.g. before and after an MDM project) to calculate the possible cost reduction. In addition to the meta-model, a support tool has been developed, which acts as an operationalization of the meta-model and helps to model, visualize and compare these costs. Together, these provide a powerful set of tools to model the costs related to MDM, visualize the risks of poor MDM and show the importance of proper MDM. The advantage of our research is that the meta-model provides a fixed hierarchy, but gives the user enough modeling freedom to model their specific situations. Furthermore, the support tool provides an easy to use user interface to model and compare the costs and visualize the risks of poor MDM to an organization, which might convince them to start an MDM project to improve their master data quality (MDQ). Additionally, the support tool uses the extensible meta-model and is therefore powerful enough to model processes in detail as well. This means that the tool could not only be used to quickly show the costs and risks of poor MDM, but could also be used to thoroughly analyze the MDM situation within an organization.

mdm
master data
master data management
cost model
support tool
data

http://resolver.tudelft.nl/uuid:24ab2e49-0478-40fc-9a79-82d9daa17598

Student theses

master thesis

(c) 2013 Van der Beek, M.J.G.