Assess economic impact of a design

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver LMFFDT6001A, 'Assess economic impact of a design'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Assess economic impact of a design' on This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to for every purchase, so go nuts :)

Elements and Performance Criteria



1. Research economic factors

1.1. Applicable OHS, 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 OHS requirements

1.4. Market research fundamentals are considered and analysed

1.5. Potential sales volume of designed products are analysed and evaluated

1.6. Niche markets are discovered and analysed for cost benefit analysis

2. Assess the economic impact of the design

2.1. Production costs of a design are assessed and evaluated

2.2. Longitudinal studies of a design are undertaken to explore potential success factors

2.3. Scale of production is estimated taking into account market analysis

2.4. Profit margins are analysed based on expected turnover, full costing of product, price point in the market and demand for the product

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

Qualifications and Skillsets

LMFFDT6001A appears in the following qualifications:

  • LMF60308 - Advanced Diploma of Furniture Design and Technology