CDMP-RMD Exam Dumps : Reference And Master Data Management Exam

In Master Data Management (MDM), a classification scheme refers to a structured way of organizing data by using codes that represent a controlled set of values. These codes help in categorizing and standardizing data, making it easier to manage, search, and analyze.

References:

DAMA-DMBOK: Data Management Body of Knowledge (2nd Edition), Chapter 11: Reference and Master Data Management.

"Master Data Management and Data Governance" by Alex Berson and Larry Dubov.

Key processing steps for successful MDM typically include:

Data Acquisition: The process of gathering and importing data from various sources.

Data Sharing & Stewardship: Involves ensuring data is shared appropriately across the organization and that data stewards manage data quality and integrity.

Entity Resolution: Identifying and linking data records that refer to the same entity across different data sources.

Data Model Management: Creating and maintaining data models that define how data is structured and related within the MDM system.

Excluded Step - Data Indexing: While indexing is a critical database performance optimization technique, it is not a primary processing step specific to MDM. MDM focuses on consolidating, managing, and ensuring the quality of master data rather than indexing, which is more about search optimization within databases.

References:

Data Management Body of Knowledge (DMBOK), Chapter 7: Master Data Management

DAMA International, "The DAMA Guide to the Data Management Body of Knowledge (DMBOK)"

Master data metadata provides crucial information about the master data, offering context and supporting its management and use within the organization.

Who, What, and Where Context:

Metadata provides descriptive information about the master data, including details about who created or modified the data, what the data represents, and where it is used.

This contextual information is essential for understanding the origins, purpose, and usage of the master data.

Includes a Sample of Content:

While metadata might include examples or samples of the data, this is not its primary purpose.

Improving Fit-for-Purpose Choices:

Metadata helps improve the application and governance of master data by providing context and supporting data management decisions.

Securing the Content:

Metadata itself is not primarily focused on security, though it can support data governance and access control processes.

Technical or Business Perspectives:

Metadata can encompass both technical and business perspectives, providing a holistic view of the data's context and usage.