|Unit Standard ID:||120375|
|Unit Standard Title:||Participate in the estimation and preparation of cost budget for a project or sub project and monitor and control actual cost against budget|
|Module:||Staring A New Project|
|Qualification:||National Certificate: Generic Management|
|Programme:||Certificate in General Management & Leadership|
|Purpose:||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:
1.) Identifying elements and resources to be costed through interpreting the project scope statement, work breakdown structure and other project data.
2.) Participating in the preparation and production of a cost budget.
3.) Contributing to the monitoring and controlling of cost budget performance by maintaining records and communicating.
|Entry Requirements:||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.
|Course Objectives:||1.) Identify and solve problems pertaining to cost budgets and their balancing. |
2.) Work effectively with others when monitoring cost budgets to ensure compliance.
3.) Collect, analyse, organise and critically evaluate information pertaining to the estimating, preparing and monitoring cost budgets.
4.) Communicate effectively with relevant parties regarding elements of the cost budget.
5.) Use science and technology to estimate, prepare and correct cost budgets for a project.
6.) 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.