CMI Unit 521 Using Data and Information for Decision Making
The ability to analyse and manage data and information can lead to increased competitiveness, innovation, productivity and customer satisfaction. However, with data and information volumes increasing at unprecedented levels, the ability to interpret, use, and harness ‘big data’ can become an organisational challenge.
About this course
The aim of this unit is to equip learners with an understanding of the purpose and practices of interpreting, managing and presenting business data and information to inform decision making.
- Understand the use of data and information in decision making
- Be able to interpret data and information to support decision making
- Know how to present data and information used for decision making
1.1 Analyse the use of data and information in decision making
1.2 Examine types of data and information used in decision making
1.3 Analyse the impact of organisational and legal frameworks on the use of data and information in decision making
1.4 Discuss the impact of stakeholder needs on the collection, analysis and interpretation of data and information for decision making
2.1 Discuss criteria used for selection of data and information
2.2 Evaluate the use of tools and techniques for analysing and interpreting data and information to support decision making
3.1 Evaluate methods of presenting data and information used for decision making