MGMT20005 Business Decision Analysis
University of Melbourne · Level 2 · 12.5 points · Runs in 2026: Semester 2.
- Final exam 50%
- About 3 class hours a week
- 25% group work
Is MGMT20005 hard?
MGMT20005: Easier. Makes it easier: Reviewers say it’s manageable (5 reviews), Reviewers say the workload is light.
What you learn
Making business decisions with decision trees, simulation and optimisation in spreadsheets.
After it you can
- Model a business decision with a decision tree
- Solve optimisation problems with Excel Solver
- Simulate risk and test how sensitive results are
What you need first
ECON10005 or MAST10010 or MAST10024 or MAST20004 or MAST20005 or MAST20006
- ECON10005 Quantitative Methods 1
- MAST10010 Data Analysis
- MAST10024 Mathematics & Statistics for Biomedicine
- MAST20004 Probability
- MAST20005 Statistics
- MAST20006 Probability for Statistics
What it leads to
Careers
Helps toward: Business analyst, Business process designer, Change management specialist, Construction manager, Logistics/project manager, Management consultant, Manager of business process improvement, Project manager, Human resources manager
How it’s assessed
Assignments 50%, Final exam 50%
Student reviews and ratings
Summarised from 5 students on StudentVIP (2016–2020)
- The subject covers decision trees, simulation and optimisation applied to business areas; reviewers found the content simple, though the newest also called it mostly dull.
- A high mark is seen as reachable with modest effort if you attend tutorials, which were rated well; several reviewers earned an H1.
- The second and group assignments are the tricky parts and lean on computer and Excel skills, so pick teammates who can handle that side.
A summary of public reviews, not scored here.
Taken this subject? Rate it anonymously (difficulty, workload, marking, would you recommend it) and leave a tip for next year's students. Rate MGMT20005
Quick answers
- When is MGMT20005 offered?
- Runs in 2026: Semester 2.
- What do I need before taking MGMT20005?
- Needs ECON10005 or MAST10010 or MAST10024 or MAST20004 or MAST20005 or MAST20006.
- Does MGMT20005 have a final exam?
- Yes, the final exam is 50% of the mark. Assessment: Assignments 50%, Final exam 50%.
- Is MGMT20005 hard?
- From 5 student reviews on StudentVIP: The subject covers decision trees, simulation and optimisation applied to business areas; reviewers found the content simple, though the newest also called it mostly dull.
- What do students say about MGMT20005?
- The subject covers decision trees, simulation and optimisation applied to business areas; reviewers found the content simple, though the newest also called it mostly dull. A high mark is seen as reachable with modest effort if you attend tutorials, which were rated well; several reviewers earned an H1. The second and group assignments are the tricky parts and lean on computer and Excel skills, so pick teammates who can handle that side.
- How many class hours a week does MGMT20005 have?
- 3 h a week in class
- Can I take MGMT20005 as breadth?
- Yes, for: Bachelor of Arts, Bachelor of Biomedicine, Bachelor of Design, Bachelor of Fine Arts (Acting), Bachelor of Fine Arts (Animation), Bachelor of Fine Arts (Dance), Bachelor of Fine Arts (Film and Television), Bachelor of Fine Arts (Music Theatre), Bachelor of Fine Arts (Production), Bachelor of Fine Arts (Screenwriting), Bachelor of Fine Arts (Theatre), Bachelor of Fine Arts (Visual Art), Bachelor of Music, Bachelor of Science.
- What can I take after MGMT20005?
- 2 subjects need it first, for example MGMT30020, MKTG30014.
- Can I rate MGMT20005?
- Yes. If you've taken it, rate it anonymously on this page (difficulty, workload, marking, would you recommend it) and leave a tip for next year's students. Averages show once 3 students have rated it; tips are checked before they appear.
Source: University of Melbourne Handbook 2026
Always confirm in the official Handbook.
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