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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Develop a project risk management plan for a simple to moderately complex project 
SAQA US ID UNIT STANDARD TITLE
243817  Develop a project risk management plan for a simple to moderately complex project 
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 5  Level TBA: Pre-2009 was L5 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
The person credited with this unit standard will be able to describe and identify risks that apply to a project. Learners will be able to analyse threats and opportunities and develop responses for the risks identified on a project. They will also be able to produce a risk management plan to address the identified risks. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that the learners are competent in:
  • Mathematical Literacy at NQF Level 4 or equivalent.
  • Communication at NQF Level 4 or equivalent.
  • Computer Literacy at NQF Level 3 or equivalent.
  • Unit Standard: Develop a project cost management plan for a simple to moderately complex project at NQF Level 5.
  • Unit Standard: Contribute to the management of project risk within own field of expertise at NQF Level 4. 

  • UNIT STANDARD RANGE 
    Simple to moderately complex project can be defined as projects that have:
  • A high degree of stability, few uncertainties or low rate of change with regard to expected deliverables, phase contents, organisational process and procedures, legislation and team members.
  • Limited range of different methods or approaches relating to the design and creation of deliverables and end products.
  • Low to moderate impact on the environment and or socio economic elements; Moderate to low need to comply with legislation; Moderate number of stakeholders affected by or interested in the project.
  • Low strategic importance to the organisation or organisations involved; Not necessary identified in strategic plans.
  • Stakeholders, that are in agreement about the characteristics of the product of the project; Benefits of the project well defined and agreed.
  • Low number of different organisations participating in the project; A low number; and or wide variety of interfaces between the project and other organisational entities in order to produce the end deliverable.
    > The purposes of risk management may include, but are not limited to:
    > Identification and evaluation of threats and opportunities in a consistent way.
    > Threats to project success are recognised and addressed.
    > Opportunities are exploited.
    > Ensure management are aware and commit support to risk avoidance or risk taking actions.
    > As contribution to the selection of project activities. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Demonstrate an understanding of the project risk management processes. 
    OUTCOME RANGE 
    Project management processes excludes quantification models. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The purpose of risk management on a project is explained in terms of meeting project objectives. 

    ASSESSMENT CRITERION 2 
    The relationship of risk management to project planning is explained with examples of their impact on each other. 

    ASSESSMENT CRITERION 3 
    The development and content of a risk management plan is described in accordance with accepted best project management practice. 

    ASSESSMENT CRITERION 4 
    Methods of identifying risks are explained with examples in terms of organisational risk standards and procedures. 

    ASSESSMENT CRITERION 5 
    Monitoring and controlling of risk and management of issues are explained in accordance with project needs and requirements. 

    SPECIFIC OUTCOME 2 
    Identify the risks that apply to a project. 
    OUTCOME RANGE 
    Identify risks may include the facilitation of relevant stakeholders' knowledge to obtain a list of risks. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Participants who contribute to risk identification and planning are identified in the context of the project scope and procedures. 

    ASSESSMENT CRITERION 2 
    Sources of potential risk are identified in conjunction with other planning activities. 
    ASSESSMENT CRITERION RANGE 
    Sources include but are not limited to: enterprise environmental factors, information from prior projects, organisation, participants and other stakeholders.
     

    ASSESSMENT CRITERION 3 
    Risks associated with the stakeholders of the project are identified and recorded in accordance with agreed formats and procedures. 

    ASSESSMENT CRITERION 4 
    Risks associated with the products of the project are identified and recorded in accordance with agreed formats and procedures. 

    ASSESSMENT CRITERION 5 
    Risks associated with the project management processes, resources and deliverables are identified and recorded in required format. 

    SPECIFIC OUTCOME 3 
    Analyse the threats and opportunities of a project. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Causes and effects of threats and/or opportunities are determined and recorded in accordance with agreed procedures. 

    ASSESSMENT CRITERION 2 
    A risk register is created and maintained for the project in accordance with agreed procedures. 

    ASSESSMENT CRITERION 3 
    Risk owners are identified and documented in accordance with agreement procedures. 

    ASSESSMENT CRITERION 4 
    Levels of likelihood (probability) and impact of risk events are assessed and recorded in consultation with experts. 
    ASSESSMENT CRITERION RANGE 
    Experts include but are not limited to internal and external stakeholders, subject matter experts, consultants.
     

    ASSESSMENT CRITERION 5 
    Timing of risk occurrence is defined and documented in accordance with agreed procedures. 

    ASSESSMENT CRITERION 6 
    Risks are categorised and prioritised in terms of impact on the project in accordance with agreed procedures. 

    ASSESSMENT CRITERION 7 
    Impacts of the risks on project objectives are analysed, agreed and documented in accordance with agreed procedures. 

    SPECIFIC OUTCOME 4 
    Develop responses for risks and update the risk management plan. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Strategies are developed for responding to the risks in accordance with standard organisational practices. 
    ASSESSMENT CRITERION RANGE 
    Strategies could include but are not limited to: avoid, transfer, mitigate, accept, exploit, share, enhance, contingent response strategy.
     

    ASSESSMENT CRITERION 2 
    Risk recovery and prevention activities are defined and costed in required format. 

    ASSESSMENT CRITERION 3 
    Contingency requirements and approach are developed and agreed in required format. 

    ASSESSMENT CRITERION 4 
    Processes, procedures and responsibilities for managing risks are agreed and developed according to policy and procedure. 

    ASSESSMENT CRITERION 5 
    Risk management activities are assigned to team members and risk owners documented in accordance with agreed responsibilities 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 to be conducted by an accredited provider according to internal approved provider policy and the relevant ETQA guidelines.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Knowledge of risk management concepts, tools and techniques.
  • Knowledge of analysis techniques.
  • An understanding of industry related best practices. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems relating to risks associated with stakeholders, products and project management processes. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with stakeholders when developing responses for risks. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities when identifying and sourcing risks. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information when identifying risks that could affect the project. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively when assigning activities to team members regarding risk management strategies. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology to develop and communicate a risk management plan. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems where participating as responsible citizens in the life of local, national and global communities when identifying and correcting risks. 

    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 
    Terms, techniques and processes referred to in this unit standard are based upon recognised best practice for generic project management reflected in industry standards such as:
  • Standards from Project Management Institute (PMI®) such as:
    > A Guide to the Project Management Body of Knowledge (PMBoK Guide), 2000 and 2004 versions, from Project Management Institute (PMI®).
    > Extensions to PMBoK® Guide from PMI®.
    > Work Breakdown Structure.
    > Earned Value.
  • Body of Knowledge from Association for Project Management, UK.
  • ISO 10006.
  • British Standard 6079.
  • IPMA Competence Baseline from International Project Management Association.
  • Project Management role delineation studies from PMI® for CAPM and PMP.
  • Project Management Competency Development Framework from PMI® 2002.
  • Emerging global performance standards for project management personnel (GPSPMP - Global).
  • Australian National Competency Standards for Project Management 2003. 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  58309   National Diploma: Project Management  Level 5  NQF Level 05  Reregistered  2023-06-30  SERVICES 
    Elective  58395   National Certificate: Project Management  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  SERVICES 
    Elective  67460   National Diploma: Public Administration  Level 6  NQF Level 06  Reregistered  2023-06-30  As per Learning Programmes recorded against this Qual 


    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.
     
    NONE 



    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.