Assessor Resource

LMFFDT6001A
Assess economic impact of a design

Assessment tool

Version 1.0
Issue Date: March 2024


This unit supports the attainment of skills and knowledge required for competent workplace performance in furnishing operations of all sizes. Assessing the economic impact of a design applies to an industry workplace or design studio environment and involves application of skills and knowledge at a managerial level. These skills and knowledge are to be used within the scope of the individual's job and authority.

This unit includes employability skills in planning and organising and problem solving to determine economic factors and impacts of a design. Communication skills are used to assess information, complete documentation and undertake calculations.

This unit specifies the outcomes required to assess the economic impact of a design, recording its marketability, volume potential and competition.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)

Employability Skills

This unit contains employability skills.




Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

The Evidence Guide provides advice on assessment and must be read in conjunction with the Performance Criteria, Required Skills and Knowledge, the Range Statement and the Assessment Guidelines for the relevant Training Package.

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Effectively assess the economic impact of a design from inception through manufacture including marketing, sales volume and competition impact and recording of the impact study outcomes

Effectively research, contrast and compare a range of economic factors upon a design

Effectively produce a report on the economic impact study outcomes of a product

Comply with legislation, regulations, standards, codes of practice and established safe practices and procedures for assessing the economic impact of a design

Communicate effectively and work safely with others in the work area

Context of, and specific resources for assessment

The application of competency is to be assessed in the workplace or simulated workplace

Assessment is to occur under standard and authorised work practices, safety requirements and environmental constraints

Assessment of essential underpinning knowledge, other than confirmatory questions, will usually be conducted in an off-site context

Assessment is to comply with relevant regulatory or Australian Standards requirements

The following resources should be made available:

workplace location or simulated workplace

materials and equipment relevant to assessing the economic impact of a design

specifications and work instructions

Method of assessment

Assessment must satisfy the endorsed assessment guidelines of the Furnishing Industry Training Package

Assessment methods must confirm consistency and accuracy of performance (over time and in a range of workplace relevant contexts) together with application of underpinning knowledge

Assessment methods must be by direct observation of tasks and include questioning on underpinning knowledge to ensure its correct interpretation and application

Assessment may be applied under project related conditions (real or simulated) and require evidence of process

Assessment must confirm a reasonable inference that competency is able not only to be satisfied under the particular circumstance, but is able to be transferred to other circumstances

Assessment may be in conjunction with assessment of other units of competency

Guidance information for assessment


Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)


Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

This describes the essential skills and knowledge and their level, required for this unit.

Required skills

interpret costing and financial documentation

access industry standards

analyse business information

read, interpret and follow information on work specifications, standard operating procedures and work instructions, and other reference material

maintain accurate records

communicate within the workplace

sequence operations

meet specifications

clarify and check task-related information

carry out work according to OHS practices.

Required knowledge

State or Territory OHS legislation, regulations, standards and codes of practice relevant to assessing the economic impact of a design

organisational and site standards, requirements, policies and procedures for assessing the economic impact of a design

economic conditions and markets nationally and internationally

established communication channels and protocols

problem identification and resolution

elements and principles of design

types of tools and equipment and procedures for their safe use, operation and maintenance

characteristics of materials, products, sources and defects

computer programs

product assembly techniques and equipment capabilities

procedures for the recording, reporting and maintenance of workplace records and information

appropriate mathematical procedures for estimation and measurement.

The Range Statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the Performance Criteria is detailed below. Add any essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts.

OHS requirements

are to be in accordance with Commonwealth, State or Territory legislation and regulations, organisational safety policies and procedures

requirements may include but not be limited to the use of personal protective equipment and clothing, fire fighting equipment, first aid equipment, hazard and risk control and elimination of hazardous materials and substances, manual handling, including lifting and carrying

Legislative requirements

are to be in accordance with applicable legislation from all levels of government that affect organisational operation

requirements may include but not be limited to award and enterprise agreements, industrial relations, Australian Standards, confidentiality and privacy, OHS, the environment, equal opportunity, anti-discrimination, relevant industry codes of practice, duty of care and heritage

Organisational requirements

may include but not be limited to legal, organisational and site guidelines, policies and procedures relating to own role and responsibility, quality assurance, procedural manuals, quality and continuous improvement processes and standards, OHS, emergency and evacuation, ethical standards, recording and reporting, access and equity principles and practices, equipment use, maintenance and storage, environmental management (waste disposal, recycling and re-use guidelines)

Design brief

may include but not be limited to the aims, objectives, milestones for the design project, the point of reference for everyone, elements and principles of design and may include organisational or personal profiles, aims, target audience, budget, timeline, consultation requirements, colour requirements, image requirements and function

Appropriate personnel

may include but not be limited to trainers, supervisors, suppliers, clients, colleagues and managers

Communication

may include verbal and non-verbal language, constructive feedback, active listening, questioning to clarify and confirm understanding, use of positive, confident and cooperative language, use of language and concepts appropriate to individual social and cultural differences, control of tone of voice and body language

Market research fundamentals

is to include research undertaken to assess the size and nature of a market

Sales volume

is to include the amount sold within a specified time period, it is often expressed in monetary terms but can also be expressed in terms of the total amount of stock or products sold

Niche markets

is to include a very specific market segment within a broader segment of the market. It involves the provision of specialist products where relatively few or no competitors exist

Cost benefit analysis

is to include the assignment of monetary value to the costs and benefits (social, environmental and monetary) associated with a project for the purpose of selecting and evaluating project investment opportunities

Longitudinal studies

is to include a statistical study that produces data gathered over a period of time

Profit margins

is to include the amount by which income exceeds expenditure, it includes the sale price minus the cost of production, distribution and marketing

Price point

is to include the cost for sale placed on a product which caters to a market segment based on production costs, overheads and profit margins in relation to demand, supply and volume of sales

Resources

may include but not be limited to materials, personnel, equipment and systems

Product lifecycle

is the evolution of a product from its raw source, through its inception, development, manufacture, completion and time as a completed product until potential renewal

Economic impact

is to include the study of consumption, distribution and production on society in relation to a product

Manufacturing process

may include but not be limited to the methods by which the product will be produced, these steps usually entail working from working drawings and specifications, producing components utilising machine operations, assembly of the components and finishing techniques

Assembly methods

may include but not be limited to nailing, gluing, screwing, welding, pressing, sewing, bonding, jointing or connecting various materials

Finishing

may include but not be limited to paints, waxes, lacquers, stains, pigments, oils and plastic coatings

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Applicable OHS, legislative and organisational requirements relevant to assessing the economic impact of a design are verified and complied with 
Design brief is reviewed, confirmed and clarified with appropriate personnel 
Communication with others is established and maintained in accordance with OHS requirements 
Market research fundamentals are considered and analysed 
Potential sales volume of designed products are analysed and evaluated 
Niche markets are discovered and analysed for cost benefit analysis 
Production costs of a design are assessed and evaluated 
Longitudinal studies of a design are undertaken to explore potential success factors 
Scale of production is estimated taking into account market analysis 
Profit margins are analysed based on expected turnover, full costing of product, price point in the market and demand for the product 
Competition in the market place with similar design solutions or products in that market segment are analysed and strategies reviewed 
Availability of resources is assessed to ascertain what impact this will have on economic viability 
Product lifecycle analysis is evaluated for economic significance 
Long term economic impact on the business, staff and associated suppliers is analysed and strategised 
Intended manufacturing processes including assembly and finishing are assessed for their economic impact 
Final documentation outlining the full analysis of the designs economic impact is compiled and produced as a report 

Forms

Assessment Cover Sheet

LMFFDT6001A - Assess economic impact of a design
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

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Assessment Record Sheet

LMFFDT6001A - Assess economic impact of a design

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: