Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

MSFFDT5011 Mapping and Delivery Guide
Assess economic impact of a design

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency MSFFDT5011 - Assess economic impact of a design
Description
Employability Skills
Learning Outcomes and Application This unit of competency covers assessing the economic impact of a design, and recording its marketability, volume potential and competition. It applies in an industry workplace or design studio environment and involves application of skills and knowledge at a managerial level. No licensing, legislative or certification requirements apply to this unit at the time of publication.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.

Assessors must:

hold training and assessment competencies as determined by the National Skills Standards Council (NSSC) or its successors

have vocational competency in the furnishing industry at least to the level being assessed with broad industry knowledge and experience, usually combined with a relevant industry qualification

be familiar with the current skills and knowledge used and have relevant, current experience in the furnishing industry.

Assessment methods must confirm consistency of performance over time rather than a single assessment event and in a range of workplace relevant contexts.

Assessment must be by observation of relevant tasks with questioning on underpinning knowledge and, where applicable, multimedia evidence, supervisor’s reports, projects and work samples.

Assessment is to be conducted on single units of competency or in conjunction with other related units of competency. Foundation skills are integral to competent performance in the unit and should not be assessed separately.

Assessment must occur on the job or in a workplace simulated facility with relevant process, equipment, materials, work instructions and deadlines.

Access is required to specifications, materials and equipment relevant to assessing the economic impact of a design.
Prerequisites/co-requisites
Competency Field
Development and validation strategy and guide for assessors and learners Student Learning Resources Handouts
Activities 		Slides
PPT 		Assessment 1 Assessment 2 Assessment 3 Assessment 4
Elements of Competency Performance Criteria              
Element: Research economic factors
  • Applicable work health and safety (WHS), 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 WHS requirements
  • Market research fundamentals undertaken to assess the size and nature of a market are considered and analysed
  • Potential designed products sales volume of amount sold within a specified time period, expressed in monetary terms or in terms of the total amount of stock or products sold f are analysed and evaluated
  • Niche markets are discovered and analysed for cost-benefit analysis assigning 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
       
Element: Assess economic impact of the design
  • Production costs of a design are assessed and evaluated
  • Longitudinal statistical studies of a design that produces data gathered over a period of time are undertaken to explore potential success factors
  • Scale of production is estimated taking into account market analysis
  • Profit margins of the amount by which income exceeds expenditure, including the sale price minus the cost of production, distribution and marketing are analysed based on expected turnover
       
Element: Full costing of product, including the price point of 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 in the market and demand for the product is conducted
  • 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
  • Production costs of a design are assessed and evaluated
       


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.

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Research economic factors

1.1

Applicable work health and safety (WHS), legislative and organisational requirements relevant to assessing the economic impact of a design are verified and complied with

1.2

Design brief is reviewed, confirmed and clarified with appropriate personnel

1.3

Communication with others is established and maintained in accordance with WHS requirements

1.4

Market research fundamentals undertaken to assess the size and nature of a market are considered and analysed

1.5

Potential designed products sales volume of amount sold within a specified time period, expressed in monetary terms or in terms of the total amount of stock or products sold f are analysed and evaluated

1.6

Niche markets are discovered and analysed for cost-benefit analysis assigning 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

2

Assess economic impact of the design

2.1

Production costs of a design are assessed and evaluated

2.2

Longitudinal statistical studies of a design that produces data gathered over a period of time are undertaken to explore potential success factors

2.3

Scale of production is estimated taking into account market analysis

2.4

Profit margins of the amount by which income exceeds expenditure, including the sale price minus the cost of production, distribution and marketing are analysed based on expected turnover

Full costing of product, including the price point of 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 in the market and demand for the product is conducted

2.5

Competition in the market place with similar design solutions or products in that market segment are analysed and strategies reviewed

2.6

Availability of resources is assessed to ascertain what impact this will have on economic viability

2.7

Product lifecycle analysis is evaluated for economic significance

2.8

Long-term economic impact on the business, staff and associated suppliers is analysed and strategised

2.9

Intended manufacturing processes, including assembly and finishing, are assessed for their economic impact

2.10

Final documentation outlining the full analysis of the designs economic impact is compiled and produced as a report

2.11

Production costs of a design are assessed and evaluated

Apply safe handling requirements for equipment, products and materials, including use of personal protective equipment

Follow work instructions, operating procedures and inspection processes to:

minimise the risk of injury to self or others

prevent damage to goods, equipment and products

maintain required production output and product quality

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

Research, contrast and compare a range of economic factors upon a design and interpret costing and financial documentation

Produce a report on the economic impact study outcomes of a product

Use mathematical ideas and techniques to correctly complete calculations for design assessment

Lead others and work effectively to improve production quality and outcomes

Communicate ideas and information to enable confirmation of work requirements and specifications and the reporting of work outcomes and problems, interpret basic plans and follow safety procedures

Use workplace technology related to the coordination, including communication equipment, time and management aids and other measuring devices

Minimise wastage of resources, including materials, time and money

Work with others and in a team by recognising dependencies and using cooperative approaches to optimise work flow and productivity and encourage participation of employees in the planning of work activities and changes

State or territory WHS 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

Relevant 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 furniture materials, products, sources and defects

Relevant 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

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, 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.

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Research economic factors

1.1

Applicable work health and safety (WHS), legislative and organisational requirements relevant to assessing the economic impact of a design are verified and complied with

1.2

Design brief is reviewed, confirmed and clarified with appropriate personnel

1.3

Communication with others is established and maintained in accordance with WHS requirements

1.4

Market research fundamentals undertaken to assess the size and nature of a market are considered and analysed

1.5

Potential designed products sales volume of amount sold within a specified time period, expressed in monetary terms or in terms of the total amount of stock or products sold f are analysed and evaluated

1.6

Niche markets are discovered and analysed for cost-benefit analysis assigning 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

2

Assess economic impact of the design

2.1

Production costs of a design are assessed and evaluated

2.2

Longitudinal statistical studies of a design that produces data gathered over a period of time are undertaken to explore potential success factors

2.3

Scale of production is estimated taking into account market analysis

2.4

Profit margins of the amount by which income exceeds expenditure, including the sale price minus the cost of production, distribution and marketing are analysed based on expected turnover

Full costing of product, including the price point of 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 in the market and demand for the product is conducted

2.5

Competition in the market place with similar design solutions or products in that market segment are analysed and strategies reviewed

2.6

Availability of resources is assessed to ascertain what impact this will have on economic viability

2.7

Product lifecycle analysis is evaluated for economic significance

2.8

Long-term economic impact on the business, staff and associated suppliers is analysed and strategised

2.9

Intended manufacturing processes, including assembly and finishing, are assessed for their economic impact

2.10

Final documentation outlining the full analysis of the designs economic impact is compiled and produced as a report

2.11

Production costs of a design are assessed and evaluated

Specifies different work environments and conditions that may affect performance. Essential operating conditions that may be present (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) are included. Range is restricted to essential operating conditions and any other variables essential to the work environment.

Organisational requirements include:

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

WHS, emergency and evacuation requirements

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 includes:

the aims, objectives, milestones for the design project

organisational or personal profiles

target audience

budget

timeline

consultation requirements

colour requirements

image requirements

function

Appropriate personnel include:

trainers

supervisors

suppliers

clients

colleagues

managers

Niche markets include:

a very specific market segment within a broader segment of the market that involves the provision of specialist products where relatively few or no competitors exist

Resources include:

materials

personnel

equipment

systems

Product lifecycle includes:

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

Manufacturing processes include:

the methods by which the product will be produced, these steps entail working from working drawings and specifications, producing components utilising machine operations, assembly of the components and finishing techniques

Assembly methods include:

nailing

gluing

screwing

welding

pressing

sewing

bonding

jointing

other methods of connecting various materials

Finishing includes:

paints

waxes

lacquers

stains

pigments

oils

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 work health and safety (WHS), 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 WHS requirements 
Market research fundamentals undertaken to assess the size and nature of a market are considered and analysed 
Potential designed products sales volume of amount sold within a specified time period, expressed in monetary terms or in terms of the total amount of stock or products sold f are analysed and evaluated 
Niche markets are discovered and analysed for cost-benefit analysis assigning 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 
Production costs of a design are assessed and evaluated 
Longitudinal statistical studies of a design that produces data gathered over a period of time are undertaken to explore potential success factors 
Scale of production is estimated taking into account market analysis 
Profit margins of the amount by which income exceeds expenditure, including the sale price minus the cost of production, distribution and marketing are analysed based on expected turnover 
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 
Production costs of a design are assessed and evaluated 

Forms

Assessment Cover Sheet

MSFFDT5011 - 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

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Assessor name:

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Date:

Assessment Record Sheet

MSFFDT5011 - 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:

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