Reference and Master Data Management (RMDM) governance processes are designed to manage

and ensure the accuracy, consistency, and quality of critical data assets across an organization. These

processes focus on defining, maintaining, and governing the shared data entities and attributes that

are essential for various business processes. One of the key aspects governed by RMDM is "Data

change activity."

Reference and Master Data Definition:

Reference data is a subset of master data used to classify or categorize other data within an

organization. It typically includes codes and descriptions.

Master data refers to the critical business information regarding the core entities around which

business is conducted, such as customers, products, employees, and suppliers.

Data Change Activity:

This involves tracking and managing the changes made to master and reference data over time. The

governance processes ensure that any changes to this data are properly authorized, recorded, and

communicated to relevant stakeholders.

Managing data change activity includes monitoring modifications, updates, additions, and deletions

of reference and master data.

Importance in Governance:

Effective governance of data change activity ensures that the integrity and quality of master data are

maintained. It prevents unauthorized changes that could lead to data inconsistencies and

inaccuracies.

It supports audit trails and compliance with regulatory requirements by providing transparency and

accountability for data changes.

Reference:

DAMA-DMBOK (Data Management Body of Knowledge) Framework

CDMP (Certified Data Management Professional) Exam Study Materials