ILM 8605-410 Managing the Analysis of Secondary Data Assignment Answer Help UK

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Assignment Task 1: Be able to gather and evaluate complex data from diverse secondary sources

AC 1.1 Identify a research topic that is relevant to the organisation.

Start by choosing a research topic that is aligned with the organisation’s operational requirements, strategic goals, or challenges. Market trends, customer happiness, and process optimisation are a few examples. Make sure it contributes to the organisation’s goals and is both detailed and actionable.

AC 1.2 Collect secondary data from a wide range of academic, official, and commercial sources, ensuring that all sources are acknowledged.

• Academic sources: peer-reviewed journals, research papers, and academic publishing will be employed in delivering credible insights.
• Official Sources: Government databases, statistical reports, and industry laws are useful sources for trustworthy and authentic data.
• Commercial Sources: Use market research studies, competition assessments, and trade periodicals for useful knowledge.

Ensure all sources of information are credited correctly for the authenticity and openness of the work.

AC 1.3 Analyse collected data to judge its relevance and validity, make deductions, and draw conclusions.

• Relevance check: identify how the data connects to the study subject and organisational goals. Discard useless or obsolete information.
• Validity Assessment: Verify if the sources of information are reputable and that such information is relevant, unbiased, and up-to-date.
• Deductions and conclusions: synthesise significant facts to discover patterns, and from that, actionable knowledge. Highlight the gaps and contradictions in the data to inform an additional investigation.

Assignment Task 2: Be able to review the findings from own analysis of data

AC2.1 Lead a group discussion on the findings from own analysis.

Call a meeting of the group to discuss the data analysis from various sources. The crucial actions include: 

• Getting ready: Create a succinct and understandable presentation with charts, graphs, and visuals to guarantee that difficult material is understood.
• Facilitation: Promote questions, comments, and the evaluation of other viewpoints in order to support active involvement.
• Pay Attention to the Goals: Make sure that the goals of the discussion are pertinent and feasible for the company.

AC 2.2 Evaluate the outcomes from the group discussion of the data analysis.

• Collect Feedback: Take note of any thoughts, recommendations, or worries raised throughout the conversation.
• Evaluate Insights: Evaluate how the collective contribution improves comprehension of the data and suggests potential fixes.
• Emphasis on Modifications: Following the conversation, note any areas that need improvement or fresh perspectives added to the earlier study.

Assignment Task 3: Be able to review the research activity and identify areas for future self-development.

AC 3.1 Review the effectiveness of the research activity against the objectives set.

Compare Outcomes: Compare the results to see how effectively the findings contribute to the goals of the organisation and meet research issues. 

Identify Strengths: Using data collection and analysis methodologies, highlight the parts of the research where the process was successful and efficient.

Accept Limitations: Recognise the study’s weaknesses, such as any gaps in the data coverage, the intricacy of the research, or the involvement of many parties.

AC 3.2 Prepare and justify a self-development plan to improve own performance when managing research activities.

Skill Development: Determine what needs to be improved, such as sophisticated data analysis methods, clear communication, or taking the lead in group discussions.

Training Opportunities: To improve their research and analytical abilities, a participant should enrol in pertinent seminars, classes, or certifications. 

Use of Feedback: Apply suggestions from supervisors and coworkers to enhance research methodologies and leadership style.

Practical Application:  Use the knowledge gained in subsequent research endeavours to gain confidence and proficiency.