SAQA All qualifications and unit standards 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: 

Monitor, assess and manage risk 
SAQA US ID UNIT STANDARD TITLE
252025  Monitor, assess and manage risk 
ORIGINATOR ORIGINATING PROVIDER
SGB Generic Management   
QUALITY ASSURING BODY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Generic Management 
ABET BAND UNIT STANDARD TYPE OLD NQF LEVEL NEW NQF LEVEL CREDITS
Undefined  Regular  Level 5  New Level Assignment Pend.  8 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Registered  2007-11-28  2010-11-28  SAQA 0474/07 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2011-11-28   2014-11-28  

In all of the tables in this document, both the old and the new NQF Levels are shown. In the text (purpose statements, qualification rules, etc), any reference to NQF Levels are to the old levels unless specifically stated otherwise. 

This unit standard replaces: 
US ID Unit Standard Title Old NQF Level New NQF Level Credits Replacement Status
115833  Monitor, assess and manage risk  Level 5  New Level Assignment Pend.  6  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for managers in all economic sectors. These managers would typically be second level managers such as heads of department, section heads or divisional heads, who may have more than one team reporting to them.

The qualifying learner is capable of:
  • Demonstrating an understanding of business processes and potential risks to a unit.
  • Identifying potential risks and assessing the impact thereof in a unit.
  • Developing contingency plans for managing risk.
  • Testing and revising contingency plans. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in:
  • Communication at NQF Level 4.
  • Mathematical Literacy at NQF Level 4.
  • Computer Literacy at NQF Level 4. 
    		•

    UNIT STANDARD RANGE 
  • The learner is required to apply the learning in respect of this/her own area of responsibility.
  • Unit refers to the division, department or business unit in which the learner is responsible for managing and leading staff.
  • Entity includes, but is not limited to, a company, business unit, public institution, small business, Non-Profit Organisation or Non-Governmental Organisation.
  • Environmental risk factors include systems, location and changes in the environment.
  • Risks include financial risk, occupational health, safety and environmental risks.
  • Company policies include policies relating to Occupational Health, Safety and Environment.
  • Strategies include mitigation, avoidance, elimination and acceptance.
  • Contingency plans include tasks, responsibilities, time frames, resources and emergency procedures. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Demonstrate an understanding of potential risks to a unit. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The concept of risk is explained with reference to accepted theory and practice. 

    ASSESSMENT CRITERION 2 
    The factors that could constitute risks to a unit are identified and explained. 

    ASSESSMENT CRITERION 3 
    The role of organisational policies and procedures are explained in relation to risk management. 

    SPECIFIC OUTCOME 2 
    Identify potential risks and assess the impact thereof in a unit. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Potential risk factors for critical processes in a unit are identified and documented. 

    ASSESSMENT CRITERION 2 
    Possible scenarios that could constitute a risk are identified and documented. 

    ASSESSMENT CRITERION 3 
    The possibility of each scenario occurring is evaluated and recorded for future use. 

    ASSESSMENT CRITERION 4 
    An analysis is performed and documented to rate the impact of each scenario on a unit. 

    ASSESSMENT CRITERION 5 
    Priorities resulting from the impact analysis are determined and documented for implementation in the event of the risk materialising. 

    SPECIFIC OUTCOME 3 
    Develop contingency plans for managing risk. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Contingency plans are developed and documented in accordance with the entity's policies and procedures. 

    ASSESSMENT CRITERION 2 
    Contingency plans are communicated to relevant stakeholders in accordance with the entity's risk management procedures. 

    ASSESSMENT CRITERION 3 
    Contingency plans are distributed and stored in accordance with the entity's risk management procedures. 

    SPECIFIC OUTCOME 4 
    Test and revise contingency plans. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Contingency plans are tested in accordance with the entity's risk management procedures. 

    ASSESSMENT CRITERION 2 
    Recommendations on improvements to the contingency plans are documented in relation to the findings of the testing. 

    ASSESSMENT CRITERION 3 
    Contingency plans are revised to incorporate recommendations from the testing in accordance with the entity's policies and procedures. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Relevant acts and regulations, including the Occupational Health and Safety Act.
  • Types of risk, including occupational health, safety and environmental risks, financial risks, fraud and theft of intellectual property.
  • Contingency strategies, including mitigation, avoidance, elimination and acceptance.
  • Methods and techniques for conducting risk assessment. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems when determining potential risks and ensuring that relevant and effective plans are developed. 

    UNIT STANDARD CCFO WORKING 
    The learner is able to work effectively with others, ensuring all parties understand their own and other`s responsibility in relation to the implementation of measures to address risks facing a unit. 

    UNIT STANDARD CCFO ORGANISING 
    The learner is able to organise and manage his/her own activities to allow sufficient time for planning and implementing measures to address risks. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, analyse, organise and critically evaluate information when analysing potential risks in the entity. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively both verbally and in writing when recording and communicating information and recommendations relating to managing risk in a unit. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is able to communicate effectively both verbally and in writing when recording and communicating information and recommendations relating to managing risk in a unit. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to use science and technology effectively when distributing and storing continuity plans, and ensuring that complete and accurate information is stored on computer systems. 

    UNIT STANDARD CCFO CONTRIBUTING 
    The learner is able to understand the relationships between different risk factors and their impact on the achievement of a unit's objectives. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE OLD LEVEL NEW LEVEL STATUS END DATE QUALITY ASSURING BODY
    Core  74149   Certificate: Supply Chain Management  Level 5  NQF Level 05  Registered  2012-12-02  TETA 
    Core  59201   National Certificate: Generic Management  Level 5  New Level Assignment Pend.  Registered  2010-11-28  As per Learning Programmes recorded against this Qual 
    Core  63589   National Diploma: Geographical Information Science  Level 5  New Level Assignment Pend.  Registered  2012-02-18   
    Fundamental  60072   National Diploma: Inspection and Assessment (Non-Metallics)  Level 5  New Level Assignment Pend.  Registered  2011-03-12  MERSETA 
    Elective  66869   National Certificate: Home Affairs Services  Level 5  New Level Assignment Pend.  Registered  2012-09-09  PSETA 
    Elective  65050   National Certificate: Music  Level 5  New Level Assignment Pend.  Registered  2012-03-12  MAPPP 
    Elective  59589   National Diploma: Music  Level 5  New Level Assignment Pend.  Registered  2011-02-06  As per Learning Programmes recorded against this Qual 
    Elective  63689   Bachelor of Arts: Geographical Information Science  Level 6  New Level Assignment Pend.  Registered  2012-02-18   


    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 Quality Assuring Bodies 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 Quality Assuring Body should be notified if a record appears to be missing from here.
     
    1. DYNA TRAINING (PTY) LTD 
    2. ORGANISATION DEVELOPMENT INTERNATIONAL ODI 


    All qualifications and unit standards 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.