BEA674: Statistics - Data and Business Decision Making - IT Assessment Answer

Internal Code: E_AI_DHBJ_ADB Code: BEA674

Data and Business Decision Making Assessment Answer

Assignment Task: BEA674 Overview of Assignment You will be analysing a business data set and producing a report with the aims of: ? Providing an overview of business performance. ? Identifying and quantifying from the data, possible business problem(s) or opportunity(s), and clearly communicating these in a way that allows your client to know where to focus their attention. ? Suggesting next steps the business should take with respect to the possible problem/opportunity. Your client is a manager/executive with significant decision-making delegation for the area of the business to which the data relates. For example; ? A Sales Manager (for Flash Eddie’s Print Shop). ? A Call Centre Manager (for General Building Insurance). Your client is very busy and time poor. Thus, it is important that your report is concise and sticks to page limits. You can include “Nice to know” information, but this should NOT clutter up the main report, but rather be relegated to an appendix. Establish Assignment Group - BEA674 ? Find other students to form groups of 3 or 4. o If you have peculiar circumstances that make group work difficult (for example, work/travel commitments, locational isolation, family circumstances, etc.) you can email the unit coordinator (Stephen.Thollar@utas.edu.au) for permission to work in a group of 1 or 2. (Even groups of 1 or 2 MUST submit a registration form.) ? Register your team by filling in and emailing the registration form to Stephen.Thollar@utas.edu.au The registration form can be found in MyLO/Content/Assessment/Assignment. ? Register your team by C.O.B. Tuesday 19 March. Anyone not registered by that date will be assumed to undertaking the project as an individual and will be randomly allocated a data set. A. Executive Summary - BEA674 Key Concept: “What’s the issue(s) and why do I (the client) care?” ? what’s the issue – the small number of key things that are associated with performance issues (or opportunities) ? why do I care – quantified KPI impact(s), the potential size of the prize(s). B. Performance Overview - BEA674 Key Concept: “How are we going, and what’s important?” ? How are we going – what is the current KPI performance, how has it been tracking (if we have time series data). ? What’s important – typically a breakdown of KPI by some key business categories (for example, geography, organizational units, products, markets, channels, etc…). C. Issues and Opportunities - BEA674 Key Concept: “Tell me more about the big issues/opportunities. Give me confidence that these are worth pursuing.” ? Describe the key issues identified and briefly how you found them. ? Quantify the identified issues in terms of impact on KPI (probably also quantify volume). Briefly explain how you have quantified the issue, sufficiently for the reader to have confidence in the numbers. D. Write a Conclusion. - BEA674 Key Concept: “Summarise what you’ve told me, and tell me what I need to do.” E. Appendix - BEA674 Key Concept: “Nice to know extra information.” F Overall Structure - BEA674 Key Concept: “Easy to read, easy to follow, logical.”

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