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 MSFFDT5011, 'Assess economic impact of a design'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Assess economic impact of a design' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

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


Qualifications and Skillsets

MSFFDT5011 appears in the following qualifications:

  • MSF50313 - Diploma of Furniture Design and Technology