4. Manage Risks

Monitor, assess and manage risk (Preview)

Length: 600 minutesAuthor: ISS OnlineComplexity: Standard

US No. 252025 NQF Level 05 Credits  8 Purpose: 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. 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.
Outcomes:
  1. Demonstrate an understanding of potential risks to a unit.
  2. Identify potential risks and assess the impact thereof in a unit.
  3. Develop contingency plans for managing risk.
  4. Test and revise contingency plans.

Apply the principles of knowledge management (Preview)

Length: 600 minutesAuthor: ISS OnlineComplexity: Standard

US No. 252044 NQF Level 05 Credits  6 Purpose: 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. Unit standard range:

  • The learner is required to apply the learning in respect of his/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
Outcomes:
  1. Demonstrate knowledge and understanding of the concepts and components of knowledge management.
  2. Analyse a unit according the entity's knowledge management policies and procedures.
  3. Develop a knowledge management implementation plan for a unit.

Apply mathematical analysis to economic and financial information (Preview)

Length: 600 minutesAuthor: ISS OnlineComplexity: Standard

US No. 252252036044 NQF Level 05 Credits  6 Purpose: 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. Unit standard range:

  • The learner is required to apply the learning in respect of his/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.
Outcomes:
  1. Use mathematical techniques to collect and organise data.
  2. Apply mathematical techniques to calculate and represent financial and economic data.
  3. Apply mathematical analysis to indicate economic relationships.

Manage the finances of a unit (Preview)

Length: 600 minutesAuthor: ISS OnlineComplexity: Standard

US No. 252040 NQF Level 05 Credits  8 Purpose: 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. Unit standard range:

  • The learner is required to apply the learning in respect of this/her own area of responsibility.
  • The learner will be required manages the financial resources of the unit by developing forecasts and budgets.
  • 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.
  • GAAP refers to Generally Accepted Accounting Practices.
Outcomes:
  1. Demonstrating an understanding of the key concepts of managerial finance.
  2. Interpret financial statements.
  3. Describe and prepare financial forecasts.
  4. Draft budgets according to the operational plan of the unit.
  5. Supervise financial management of a unit against given requirements.

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