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A.C. 1.1 - Identify the features of data and information | UNIT 7004V1

UNIT 7004V1

Assignment Brief: Strategic information management.

»         INTRODUCTION

This assessment is about using management information to inform and support strategic decision making.

»         SCENARIO

Learners may use their own employment context, or that of another organisation with which they are very familiar, to base their assignment. However, in the case that they are not able to do so, please use the below scenario: -

You are a manager at a medium sized organisation. You have been asked to develop your organisation’s management information system to ensure it conforms with legislation and provides accurate and relevant data. Analysis of historical data to inform future strategic direction is part of your current role.

»         TASK 1: UNIT 7004V1

Identify data and information and identify the key features of each. When making management decisions determine the criteria to be applied when selecting data and information to support decision making. Consider the validity of sources of information.

Describe the main functions of an organisation’s Management Information System (MIS). Evaluate the impact of a management information system to an organisation in terms of efficacy.

Guideline word count: 700 - 900 words

A.C. 1.1 - Identify the features of data and information

A.C. 1.2 - Determine the criteria to be applied when selecting data and information to support decision making

A.C. 1.3 - Evaluate the impact of a management information system to an organisation

»         TASK 2: UNIT 7004V1

State the organisation’s responsibilities in sourcing, sharing and storing information to ensure legal compliance.

Identify two types of information which may have restricted access within the organisation.

Describe six types of information which an organisation can offer to employees and how this is accessed.

Identify four formats in which information can be offered and evaluate how effective these formats are within the organisational context.

Assignment Brief: Unit 7004V1: Strategic information management

Guideline word count: 700 - 900 words

A.C. 2.1 - Determine the legal responsibilities in sourcing, sharing and storing information

A.C. 2.2 - Discuss when information should be offered and access allowed

A.C. 2.3 - Evaluate the formats in which information can be offered

»         TASK 3: UNIT 7004V1

Select one form of information from an organisation and analyse it to identify any patterns and trends. Consider comparative analysis such as year on year or same month/period over a period of years. Make clear judgements from your analysis and, explain how it may assist with future planning.

Describe two sources which may assist in analysing data and information. Consider the value of internal and external sources.

Guideline word count: 500 - 700 words

A.C. 3.1 - Analyse information to identify patterns and trends

A.C. 3.3 - Determine the sources available to assist in analysing data and information

»         TASK 4: UNIT 7004V1

Identify three decision making tools/techniques and evaluate how effective they are in supporting strategic management decisions.

Critically review three methods of evaluating management information in relation to its accuracy. Explain the importance of correct management information when supporting the decision making process.

Guideline word count: 450 - 550 words

A.C. 3.2 - Evaluate a range of decision making tools and techniques available to support a strategic decision

A.C. 4.1 - Critically review methods of evaluating management information within an organisation

»         TASK 5: UNIT 7004V1

Evaluate four methods an organisation can use to develop data collection to inform and support strategic decision making. Consider internal and external sources of information capture and the potential benefits of utilising wider sources for the organisation.

Describe how an organisation can analyse the impact of information on strategic management decisions. Explain why it is important to have a rigorous process to analyse the impact information can have on strategic decisions.

Guideline word count: 450 - 550 words

A.C. 4.2 - Evaluate methods of developing information capture to inform and support strategic decision making

A.C. 4.3 - Discuss processes for analysing impact of information on strategic decisions made

Assignment Brief: Unit 7004V1: Strategic information management

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Assignment Brief: Unit 7004V1: Strategic information management

 


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