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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Design and apply appropriate value management systems and techniques for an local economic development unit 
SAQA US ID UNIT STANDARD TITLE
110477  Design and apply appropriate value management systems and techniques for an local economic development unit 
ORIGINATOR
SGB Economics 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

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 
This Unit Standard is intended for people who are, or who seek to be employed as the manager of a local economic development unit.

It introduces the learner to the concept of value management and draws from their local economic development experience to illustrate the concept. It also provides the learner with an opportunity to apply the concept to refine their project, financial and general management skills.

People credited with this Unit Standard are able to:
  • Identify possible value-creating resources in an local economic development unit
  • Conduct a cost-benefit analysis to determine what value the resources create and where and how they add value
  • Monitor and review the cost-benefit relationships on an on-going basis and manage performance to consistently achieve optimal value 
    		•

    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 
  • Value management optimising the end value achieved from the inputs and processes agreed in the programme, project or business plan where value for money is one aspect
  • At least two LED Units of different sizes and challenges must be used
  • Numerical data includes rands and cents; work-hours; ratings on scales
  • Meaningful information includes ratios and/ or percentages
  • Resources include staff/ people; space; fixed assets; working capital
  • Performance management tools include timesheets; Gant charts; time lines; budget reports 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify possible value-creating resources in an local economic development Unit. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The concept of value-creating resources is defined and illustrated with practical examples. 

    ASSESSMENT CRITERION 2 
    2. Various value-creating resources are listed and described for a specific local economic development Unit. 

    ASSESSMENT CRITERION 3 
    3. The non-financial valuation of these resources is expressed numerically with an identified measurement technique. 

    SPECIFIC OUTCOME 2 
    Conduct a cost-benefit analysis to determine what value the resources create. 
    OUTCOME NOTES 
    Conduct a cost-benefit analysis to determine what value the resources create and where and how they add value. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The concept of a cost-benefit analysis is defined and illustrated with practical examples. 

    ASSESSMENT CRITERION 2 
    2. The value-creating resources in a specific local economic development Unit are listed and assigned their particular costs. 

    ASSESSMENT CRITERION 3 
    3. The value created by these resources is quantified and allocated appropriately. 

    ASSESSMENT CRITERION 4 
    4. The quantified costs and value-add (i.e. benefit) are studied to provide meaningful information on resource use in the local economic development Unit. 

    SPECIFIC OUTCOME 3 
    Monitor and review the cost-benefit relationships on an on-going basis and manage performance. 
    OUTCOME NOTES 
    Monitor and review the cost-benefit relationships on an on-going basis and manage performance to consistently achieve optimal value. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The cost-benefit relationship data is up-dated and re-evaluated on a regular basis. 

    ASSESSMENT CRITERION 2 
    2. Performance management tools are identified for each resource. 

    ASSESSMENT CRITERION 3 
    3. The appropriate performance management processes are implemented and their impact monitored through changes in the cost-benefit relationship data. 

    ASSESSMENT CRITERION 4 
    4. Corrective action needed to achieve optimal value is agreed with the relevant role players and the resultant development plan is reviewed and signed off on a regular basis as an integral part of the performance of the local economic development unit. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    1. Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
    2. Any institution offering learning that will enable achievement of this Unit Standard or will assess this Unit Standard must be accredited as a provider with the relevant ETQ, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
    3. Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
    4. Anyone wishing to be assessed against this Unit Standard may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Use of spreadsheet software
  • Performance management tools and processes
  • LED Unit resources and related numerical measurements
  • Financial management principles (including cost-management specifically) and their application 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made by, e.g.

    Up-dating and re-evaluating the cost-benefit relationship data on a regular basis according to assessment criterion 3.1:
  • The cost-benefit relationship data is up-dated and re-evaluated on a regular basis 
    		•

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organization and community by, e.g.

    Identifying performance management tools for each resource according to assessment criterion 3.2
  • Performance management tools are identified for each resource

    Implementing the appropriate performance management processes and monitoring their impact through changes in the cost-benefit relationship data according to assessment criterion 3.3:
  • The appropriate performance management processes are implemented and their impact monitored through changes in the cost-benefit relationship data 
    		•

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and critically evaluate information by, e.g.

    Designing and applying appropriate value management systems and techniques for an local economic development Unit according to the assessment criteria for specific outcome 1, 2 and 3:
  • Identify possible value-creating resources in an local economic development Unit
  • Conduct a cost-benefit analysis to determine what value the resources create and where and how they add value
  • Monitor and review the cost-benefit relationships on an on-going basis and manage performance to consistently achieve optimal value 
    		•

    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. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  36437   National Certificate: Local Economic Development  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  LG SETA 
    Elective  58246   Bachelor of Human Settlements Development  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered"     		 2018-06-30   


    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. Abacwaningi Business Solutions 
    2. Edutraining Business College 
    3. Giamanje TVET College 
    4. Jobafrik Consulting 
    5. Josmap Training Institute 
    6. Lewerb Holdings (PTY) Ltd 
    7. Mamuhle Academy 
    8. MATEPE INVESTMENTS (PTY) LTD 
    9. Mortarboard Training Solutions 
    10. PFIM Trading (Pty) Ltd 
    11. PMA Holdings (PTY ) LTD. 
    12. Progressive School of Business and Engineering (Pty) 
    13. PTDEV (Pty) Ltd 
    14. Reflections Development Institute 
    15. Starplex 489 cc 
    16. Tachfin Holdings 
    17. Tembe Service Providers 
    18. Thinking Mind Trading 
    19. Transafric Consulting Pty Ltd 
    20. Umqondo Consultancy 
    21. University of Venda 


    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.