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Evidence Guide: RIIBEF404 - Undertake informed and dynamic decision making

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

RIIBEF404 - Undertake informed and dynamic decision making

What evidence can you provide to prove your understanding of each of the following citeria?

Make informed decisions

  1. Gather and verify different types of data from multiple sources to provide a system level view of situations and problems requiring decisions
  2. Identify changing circumstances that influence decisions and planning
  3. Use decision-making tools to assist in critical analysis and assimilation of new information and enable safe and timely decisions to be made
  4. Develop workable solutions, assess associated risks, and determine best option in accordance with organisational procedures and level of own responsibility
  5. Actively consult with stakeholders when making important decisions that impact their responsibilities and the organisation’s value chain
  6. Implement timely decisions to meet operational deadlines, and monitor impacts of implementation to confirm desired outcome is achieved or adjust as needed in response to changing circumstances
Gather and verify different types of data from multiple sources to provide a system level view of situations and problems requiring decisions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify changing circumstances that influence decisions and planning

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use decision-making tools to assist in critical analysis and assimilation of new information and enable safe and timely decisions to be made

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop workable solutions, assess associated risks, and determine best option in accordance with organisational procedures and level of own responsibility

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Actively consult with stakeholders when making important decisions that impact their responsibilities and the organisation’s value chain

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement timely decisions to meet operational deadlines, and monitor impacts of implementation to confirm desired outcome is achieved or adjust as needed in response to changing circumstances

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Employ data analytics

  1. Compile data sources and use analytics to inform decision-making in real time
  2. Identify correlation and causation in data patterns and relationships
  3. Use predictive analytics for forecasting or anticipating issues and events
  4. Interpret trends and patterns in real-time data to determine future actions
  5. Check quantitative data to confirm it is within normal limits to increase confidence in decisions and to eliminate false positives
Compile data sources and use analytics to inform decision-making in real time

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify correlation and causation in data patterns and relationships

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use predictive analytics for forecasting or anticipating issues and events

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Interpret trends and patterns in real-time data to determine future actions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check quantitative data to confirm it is within normal limits to increase confidence in decisions and to eliminate false positives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake dynamic decision making

  1. Assess each situation within required timeframe, note the most relevant features, and note reasons for unexpected or unusual features and events
  2. Address situations within scope of own role or escalate when level of own responsibility, area of expertise or potential consequences demand escalation according to organisational processes
  3. Adhere to organisational protocols and procedures outlining safe work practices to support clear decision making in difficult and high-pressure situations
  4. Evaluate common methods for addressing similar situations, based on previous experience or training, or by mentally simulating options and their consequences
  5. Make decisions based on current available information and communicate them clearly for swift deployment with a focus on achieving desired outcomes within a specific timeframe
  6. Monitor implementation to confirm the effects and outcomes within desired timeframe and take further action in response to changing circumstances
  7. Log or report situation, response, outcomes, and any modifications made, in line with organisational procedures
Assess each situation within required timeframe, note the most relevant features, and note reasons for unexpected or unusual features and events

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Address situations within scope of own role or escalate when level of own responsibility, area of expertise or potential consequences demand escalation according to organisational processes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Adhere to organisational protocols and procedures outlining safe work practices to support clear decision making in difficult and high-pressure situations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate common methods for addressing similar situations, based on previous experience or training, or by mentally simulating options and their consequences

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make decisions based on current available information and communicate them clearly for swift deployment with a focus on achieving desired outcomes within a specific timeframe

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor implementation to confirm the effects and outcomes within desired timeframe and take further action in response to changing circumstances

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Log or report situation, response, outcomes, and any modifications made, in line with organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge