Information must be accessible, reliable and complete to support your business processes efficiently. Your information should be treated as assets in the same way as your company resources. 7 Information Management principles should be applied to all information that you own and/or receive, in relationship to the (monetary) value of the information: + Information has an owner + Information has one version of the truth + Information has one location + Information is accessible unless + Information has a status + Information has a lifecycle + Information can be transferred