SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Participate in the estimation and preparation of cost budget for a project or sub project and monitor and control actual cost against budget 
SAQA US ID UNIT STANDARD TITLE
120375  Participate in the estimation and preparation of cost budget for a project or sub project and monitor and control actual cost against budget 
ORIGINATOR
SGB Project Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Project Management 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular-Fundamental  Level 4  NQF Level 04 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2015-07-01  2018-06-30  SAQA 10105/14 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2019-06-30   2022-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
10134  Participate in the estimation and preparation of cost budgets for an element of work and monitor and control actual cost against budget  Level 4  NQF Level 04  Complete 

PURPOSE OF THE UNIT STANDARD 
Learners accessing this standard will be working as a leader in the context of a small project / sub-project involving few resources and having a limited impact on stakeholders and the environment or working as a contributing team member on a medium to large project when not a leader. These projects may be technical projects, business projects or developmental projects and will cut across a range of economic sectors. This standard will also add value to learners who are running their own business and recognise that project management forms an integral component of any business.

The qualifying learner is capable of:
  • Identifying elements and resources to be costed through interpreting the project scope statement, work breakdown structure and other project data.
  • Participating in the preparation and production of a cost budget.
  • Contributing to the monitoring and controlling of cost budget performance by maintaining records and communicating. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
  • Learners accessing this qualification will have demonstrated competence in mathematics and communication skills at NQF level 4 or equivalent.
  • Learners accessing this qualification will have demonstrated competence in computer literacy and applicable software at NQF level 4 or equivalent.
  • ID 13835: Contribute to project initiation, scope definition and scope control.
  • ID 120372: Explain fundamentals of project management. 

  • UNIT STANDARD RANGE 
  • Project level will include but are not limited to working as a leader in the context of a small project / sub-project involving few resources and having a limited impact on stakeholders and the environment or working as a contributing team member on a medium to large project when not a leader.
  • Projects may include but is not limited to all projects including technical, developmental and business related projects.
  • Elements of work may include but is not limited to projects, sub projects, phases of a projects, stages, tasks or activities or work packages.
  • Elements of costing and budgeting may include but is not limited to forecasting, estimating.
  • Fixed costs may include but is not limited to rent, labour and overheads.
  • Variable costs may include but is not limited to materials, equipment, transport and resource.
  • Agreed standards and procedures may include but is not limited to an organization's project procedures and standards, industry best practice.
  • Policies and procedures may be organisation specified systems, policies and procedures or where these do not exist, accepted industry best practice. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify elements and resources to be costed through interpreting the project scope statement, work breakdown structure and other project data. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The work elements are identified and extracted from data. 

    ASSESSMENT CRITERION 2 
    Cost types (elements) are identified and agreed with financial and/or project management authorities. 

    ASSESSMENT CRITERION 3 
    Unit costs to be used for cost estimating are agreed with relevant authority. 

    ASSESSMENT CRITERION 4 
    The resource requirements for work elements are determined in terms of type, quantity and unit cost, and documented in agreed format. 

    SPECIFIC OUTCOME 2 
    Participate in the preparation and production of a cost budget. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The elements of cost for each work element / package are estimated using agreed rules and procedures. 

    ASSESSMENT CRITERION 2 
    A cost budget is documented in agreed format and within agreed time frames. 

    ASSESSMENT CRITERION 3 
    Underlying assumptions of the estimate are explained, motivated and documented in agreed format. 

    ASSESSMENT CRITERION 4 
    Approval is obtained for the budget from higher authority in accordance with established standards and procedures. 

    ASSESSMENT CRITERION 5 
    Cost budget figures are balanced and correct in accordance with standard accounting practices. 

    SPECIFIC OUTCOME 3 
    Contribute to the monitoring and controlling of cost budget performance by maintaining records and communicating. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Cost budget is communicated in a manner that ensures all relevant parties are clear on its contents. 

    ASSESSMENT CRITERION 2 
    Actual costs against the budget elements are obtained and records updated correctly. 

    ASSESSMENT CRITERION 3 
    Deviations of actual against budgeted costs are identified and communicated to higher authority. 

    ASSESSMENT CRITERION 4 
    Opportunities for corrective action or improvement are identified and communicated to relevant individuals/teams. 

    ASSESSMENT CRITERION 5 
    Financial records are maintained according to agreed standards and procedures. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this unit standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Costing an element of work.
  • Preparing project budgets.
  • Monitoring and controlling project budgets.
  • Fixed and variable costs.
  • Percentages and compound interest.
  • Spreadsheets.
  • Basic accounting practices for balancing budgets. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems pertaining to cost budgets and their balancing. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others when monitoring cost budgets to ensure compliance. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information pertaining to the estimating, preparing and monitoring cost budgets. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively with relevant parties regarding elements of the cost budget. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology to estimate, prepare and correct cost budgets for a project. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate the world as a set of related systems where the accurate estimation and preparation of cost budgets impacts on the financial success of a project. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    This unit standard replaces unit standard 10134, "Participate in the estimation and preparation of cost budgets for an element of work and monitor and control actual cost against budget", Level 4, 6 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  65051   Further Education and Training Certificate: Arts and Culture Development Support  Level 4  NQF Level 04  Reregistered  2018-06-30  CATHSSETA 
    Core  57885   Further Education and Training Certificate: CNC Production Machining  Level 4  NQF Level 04  Reregistered  2018-06-30  MERSETA 
    Core  79626   Further Education and Training Certificate: Commercial Property and Facilities Management  Level 4  NQF Level 04  Reregistered  2018-06-30  SERVICES 
    Core  61450   Further Education and Training Certificate: Film and Television Production Operations  Level 4  NQF Level 04  Reregistered  2018-06-30  MICTS 
    Core  66489   Further Education and Training Certificate: Foundry Operations  Level 4  NQF Level 04  Reregistered  2018-06-30  MERSETA 
    Core  58779   Further Education and Training Certificate: Production Technology  Level 4  NQF Level 04  Reregistered  2018-06-30  MERSETA 
    Core  50080   Further Education and Training Certificate: Project Management  Level 4  NQF Level 04  Reregistered  2018-06-30  SERVICES 
    Core  58780   Further Education and Training Certificate: Quantity Surveying  Level 4  NQF Level 04  Reregistered  2018-06-30  CETA 
    Elective  50479   Further Education and Training Certificate: Advertising  Level 4  NQF Level 04  Reregistered  2018-06-30  MICTS 
    Elective  60209   Further Education and Training Certificate: Child and Youth Care Work  Level 4  NQF Level 04  Reregistered  2018-06-30  HW SETA 
    Elective  58880   Further Education and Training Certificate: Fluid Power  Level 4  NQF Level 04  Reregistered  2018-06-30  MERSETA 
    Elective  57428   Further Education and Training Certificate: Youth Development  Level 4  NQF Level 04  Reregistered  2018-06-30  ETDP SETA 
    Elective  57611   National Certificate: 2D Animation  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2018-06-30  MICTS 
    Elective  58600   National Certificate: Land Transport Planning  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered" 
    2012-06-30  LG SETA 
    Elective  49743   National Certificate: Manufacturing Management  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2018-06-30  FOODBEV 
    Elective  50583   National Certificate: Public Service Communication  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2018-06-30  PSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. ArcelorMittal South Africa Ltd (VANDERBIJLPARK) (TP) 
    2. Artshub Institute (Pty) Ltd 
    3. Big Fish School of Digital Filmmaking (Pty) Ltd 
    4. Boikgantsho Consulting & Events 
    5. College of Production Technology 
    6. CREATIVE FOUNDATION TRAINING 
    7. Dizani Consulting cc (AMANZIMTOTI) (TP) 
    8. East Coast Media cc 
    9. FILM Mentorship & Training 
    10. Footprint Media academy Pty ltd 
    11. JESUA CONSULTANTS (Hartenbos) (WA) 
    12. Jesua Consultants (Pty) Ltd (MOSSEL BAY) (TP) 
    13. Mathaveiya Skills Enhancement 
    14. NEMISA 
    15. Nhlahle Development Agency 
    16. Northlink College - Goodwood Campus 
    17. Northlink College - Wingfield Campus 
    18. Oakfields College 
    19. Production Management Institute 
    20. Production Management Institute of Southern Africa 
    21. Production Management Institute of Southern Africa (PMI) 
    22. Rema Tip Top SA (Pty) Ltd (BENONI) (TP) 
    23. Sabido eAcademy (Pty) Ltd 
    24. Scaw Metals Group (Pty) Ltd T/A Scaw Metals (DINWIDDIE) (TP) 
    25. South African Film Institute 
    26. The Media Workshop cc 
    27. Toyota Academy Toyota SA Motors (Pty) Ltd (ISIPINGO) (TP) 
    28. Training Force (Pty) Ltd 
    29. Western Cape Institute of Foundrymen (ATLANTIS) (TP) 
    30. Y3K Training cc (CAPE TOWN) (TP) 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.