bqsl
Diploma in Decision Analysis
Qualification at a Glance.
Course Overview
Everyone is presented with and makes their own decisions on a daily basis. Mostly these are straightforward decisions with low consequence and minimal impact. We use our own in-built heuristics to help us, and most of the time, this works well. In the corporate world, organisations are often faced with highly complex, multi-faceted decisions. The most favourable outcome amongst a range of potential alternatives is often impossible for the human brain to compute.
Decision Analysis is a series of techniques applied to challenging projects with significant consequences. It’s used across a wide range of industries includingEnergy, Finance, and Fast Moving Consumer Goods. It combines complex problem framing with senior management facilitation, stakeholder engagement and statistical analysis. Yet it's underpinning philosophies spread far deeper into areas of human psychology, socioeconomics, and strategic thinking.
This is a growing discipline that in today’s ever evolving complex world is becoming increasingly in demand across organisations. And this Level 7 Diploma provides a comprehensive qualification to prepare learners for embarking on a career in this exciting and dynamic job market. Opportunities to progress to a master’s degree with a leading U.K. higher education institution exist beyond this Diploma through the completion of a 60 Credit dissertation.
Our Level 7 Diploma in Decision Analysis is designed for those learners looking to progress their careers in the following fields:
Decision Analysis
Strategic Manager
Corporate Risk Modelling
Only 20% of organizations say they excel at making decisions, according to a study by McKinsey. But every single company needs to make decisions—there's no way around it. As organizations amass more and more data—data that's growing in complexity, too—it's only becoming more difficult for them to extract the right insights to make data-driven decisions."
Benefits for study centres
Why you Should Deliver it
Inspiring Learning Experiences
We provide all our study centres with a full set of high-quality learning materials based around the qualification's syllabus. Combining that with excellent tutors at your centre, your learners will receive an inspiring learning experience.
Employability
We all recognise the imperative on getting learners their 'career' job of choice. Our qualification design process is anchored to current Job Descriptions of those roles. This means you deliver the skills & knowledge employers are needing today.
Progression Opportunities
Our qualifications are designed as excellent stepping stones to further progression upon completion. We will provide continuation courses at Level 4 for many of our Level 3 qualifications, whilst our Level 7 learners can easily progress to a master's degree. We are looking to announce articulation agreements with several U.K. and U.S. universities in the coming months.
Attractive Fee Structure
We will be seeking to secure funding for the qualification in due course and since we provide all of the learning materials, this significantly reduces a study centre's resources.
Aligning to Skills and Digital Strategies
All of our qualifications have work based skills at their heart. We believe this is the best way to prepare learners for the world of work. Furthermore, the U.K. Government is prioritising digital skills across the educational offer. All our qualifications address that strategy.
How is it Delivered?
The Diploma is studied at an approved study centre provider and is equivalent to 120 credits, all at RQF Level 7, should they wish to continue studying beyond the successful completion of the course. Subject to approval by our Centre Evaluation Team, study centres can deliver our qualifications using the following modes of delivery:
Classroom based -
Full-time or Part-time
Part-time learners must receive the same number of Guided Learning Hours (GLH) as full-time learners and have the same assessment methods. Learners simply have longer to complete the qualification.
Blended learning
Blended learning comprises a combination of face-to-face delivery with some remote delivery which will typically be through online learning. For BQSL to approve blended learning, at least 25% of the delivery must be face-to-face. This will allow for practical course work, group work and practical elements of assessments that require a physical presence. Face-to-face can be delivered in an online environment. More typically, we would expect delivery to be in the classroom. Also, blended learning requires the same GLH as classroom delivery and learners will face the same assessment methods.
Online
The online qualification is a separate qualification suffixed with (online) at the end of the title. Online qualifications typically have a lower number of GLH and may use different methods of assessment. However, both the TQT and syllabus will be the same and the means of assessment will have been evaluated and approved for equivalency (to its classroom based alternative).
course units.
What Learners Study
Learners complete four units which cover the fundamental Decision Analysis space. Each unit addresses the practical skills the industry requires, combined with the intellectual and research rigour required for Level 7 academic enquiry. Collectively learners exit with a diverse sets of skills embedded within a comprehensive knowledge base that corporate employers will demand.
These are:
- DMUU701 / Decision Making Framework / 30 Credits
- DMUU702 / Decision Making Psychology / 30 Credits
- DMUU703/ Decision Analysis Computation / 30 Credits
- DMUU704 / Decision Facilitation / 30 Credits
course structure
Learner and Centre Commitments
The total qualification time (TQT) for the course is 1,200 hours. The total guided learning hours (GLH) are 160 hours for classroom / blended delivery and 100 hours for the online equivalent. As a guide, consider the table below when determining how much time you can commit to the qualification:
A learner who achieves the qualification over 12 months will be expected to have studied an average of 100 hours per month (including independent learning). This provides learners with the flexibility to work part-time alongside studying for the qualification. Learners who study over 2-3 years could be expected to fit their studies around a full-time job and/or family commitments.
Assessment is undertaken using a breadth of methods to reflect the practical nature of the qualification. These include role play; group presentations; self-reflection; portfolio of evidence, and case study reports.
BQSL provides its study centres with course materials and set the assessments. Centres are required to deliver those materials, oversee assessments, and provide first marking and moderation.
entry requirements
Learner Eligibility
Entry requirements are: An undergraduate degree in a related/relevant discipline and Mathematics at GCSE (or equivalent) and either English at GCSE or a score of 5.5 or above in an International English Language Testing System exam, or equivalent.
