An idea to understand the fragmentation of a formed nuclear entity (i.e. compound nucleus), induced via heavy-ion reactions, is an interesting task especially at incident energies near, above and far away from the Coulomb barrier. In the present work, we are studying the decay dynamics of a formed nuclear entity i.e. 228U* compound nucleus (CN), via the radioactive beam of Aluminium-31 (31Al) striking on the stable Gold-197 (197Au) target nucleus, for incident energies E c.m. = 106.2–163.2 MeV. A comprehensive knowledge regarding the probable decaying fragments from 228U* has been accumulated using the collective clusterization approach of the Dynamical Cluster-decay Model (DCM) in terms of mass and charge dispersion, which built up on the Quantum Mechanical Fragmentation Theory (QMFT). Through both of these dispersion cases, we have identified the decaying fragments in the fission and heavy-mass regions, at different scale of incident energies. Further, the fission cross-sections ( σfisTheo ) have been obtained for 31Al + 197Au → 228U* reaction at the above said E c.m. (MeV) and compared with the experimental data. This study has been carried out using two different sets of Skyrme force parameters (SIII and SSk), which are employed within the semiclassical approach of Skyrme Energy Density Formalism. Unlike for energies below and near the barrier, a significant difference has been observed between calculated ( σfisTheo ) and experimental ( σfisExpt ) cross-sections for above barrier energies, with independent choice of Skyrme forces. Such discrepancy noticed has been addressed with the presence of quasi-fission (QF) event. Similar phenomena has also been seen for 19F-induced reaction forming the same CN (228U*).