Big Buckets, definitely means you are keeping some stuff longer than
required - and that needs to be part of your risk assessment in using them,
just like any other retention you might apply.
One big litigation risk might just being the potential discovery costs to a
large volume of unindexed records, if the big bucket approach allows you to
index (and presumably better manage) these records, some of that risk might
be mitigated despite the volume of records being large (i.e. the process
allows me to identify isolate potentially relevant documents better so
discovery costs are reduced).
If big buckets is just a way to avoid making a decision to get rid of
something, your risks have just gotten bigger.
Christian Meinke, CRM
Southern California Edison
Enterprise Resource Planning
Operations Support
Document & Records Management
(626) 543-7260/PAX 37260
Mobile (818) 414-9515
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Records Management Program <[log in to unmask]> wrote on 06/01/2007
09:52:18 AM:
When you look at your retention schedule, can you
> imagine being able to skinny down those buckets to five? Would that
> not invite retention of records for excessive periods of time, with
> the attendant risks associated with potential litigation, etc?
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