Closing case scenario: Mike and Iris were reviewing the asset valuation worksheets that had been collected from all the company managers. “Iris,” Mike said after a few minutes, ”the problem, as I see it, is that no two managers gave us answers that can be compared to each other’s. Some gave only one value, and some didn’t actually use a rank order for the last part In fact, we don’t know what criteria were used to assess the ranks or even where they got the cost or replacement values.” “I agree,” Iris said, nodding. “These values and ranks are really inconsistent. This makes it a real challenge to make a useful comprehensive list of information assets. We’re going to have to visit all the managers and figure out where they got their values and how the assets were ranked.”
Discussion Questions
1. If you could have spoken to Mike Edwards before he distributed the asset valuation worksheets, what advice would you have given him to make the consolidation process easier?
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