DNV DNV-RP-0497 PDF

Data and information should both be considered as valuable assets in themselves, and as parts of, and prerequisites for, the operation of physical assets like ships, oil rigs, power grids, etc. Based on this view, the DNV framework is built on standards and best practices in asset management in general, and data quality management in particular.

In relation to standards dealing with asset management, such as ISO 55000, this RP views data in the scope of a business context of a portfolio of assets to be managed.

This RP does not contain details about how to the check data quality in each context, source code examples for developers, etc. This recommended practice:

— defines a framework for how to measure whether the data quality in data sources is in accordance with criteria relevant to the given context

— defines a framework for how to measure the capabilities of an organization that is responsible for ensuring adequate data quality for a given purpose, and

— suggests a risk analysis approach for risk assessment to prioritize mitigation activities according to the risk score and risk tolerance.