Analyse data for business decision making

Unit of competency Outline

Date retreived
22/07/2026 6:10 PM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Unit of competency

National Code
AMPMGT809

State Code
AVW79

TGA Status
Current

DTWD Status
Approved

Current Release Number
1.00

Current Release Date
01/12/2015

View on TGA

State Implementation and Classification

Approved Date

03/05/2016

Field of Education

080301 - Business Management

Original Release Date

03/05/2016

Nominal Hours

100

Description

This unit describes the statistical skills and knowledge required to support decision making for a business or business unit.This unit applies to leaders or managers who use data analysis and decision-making skills and techniques in the management of their day-to-day work. They must assemble or obtain raw data, process that data and analyse and interpret it in a way that enables sound decision-making.No occupational licensing, legislative or certification requirements are known to apply to this unit at the time of publication.

Notes

Elements and Performance Criteria

1. Identify and access data sources available to the business

1.1 Scope and define data collection requirements of the business question or issue
1.2 Identify and assess data sources
1.3 Research and/or collate data in accordance with legislation, policies and guidelines
1.4 Evaluate accuracy and appropriateness of data
1.5 Record data in the desired format in accordance with professional, business and task requirements

2. Apply data analysis and decision making techniques to analyse business data

2.1 Collect, store and retrieve data using software in accordance with legislation, policy and guidelines
2.2 Use spreadsheet tools to retrieve data and present it in suitable formats
2.3 Display graphical data in accordance with presentation principles
2.4 Perform quantitative and/or qualitative analysis to obtain required outcome
2.5 Use analysis and descriptive tools and techniques appropriately given the nature of the information and the required outcomes
2.6 Identify and describe methodological limitations
2.7 Calculate summary statistics from the given data set in accordance with the business requirement

3. Produce information for business decision making

3.1 Interpret data summaries and trends in accordance with accepted standards
3.2 Interpret and explain statistical tests
3.3 Interpret data to enable informed business decision-making
3.4 Present data, charts and maps clearly for ease of understanding
3.5 Include glossaries, technical notes and referencing, where required
3.6 Prepare and present reports that include statistical concepts, tables, charts and maps in accordance with enterprise policies and procedures
3.7 Present findings appropriately for the audience
3.8 Use charts appropriately in presentations, taking into account the variables being charted and accepted standards
3.9 Communicate assumptions informing interpretation in accordance with audience needs

No information

Replaces

State Code	National Code	Title	Type
D8748	MTMBUS803A	Analyse data for business decision making	Unit of competency

State Code	National Code	Title	Type
AYV4	AMP80215	Graduate Diploma of Agribusiness	Qualification
AE130	TLISS00191	Establish Digital Supply Chain Skill Set	Skill set