252025 Monitor, Assess and Manage Risk
What is this course about?
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.
Key content covered
NQF Level 5 - 8 Credits
This unit standard replaces:
115833 Monitor, assess and manage risk
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.
Specific Outcome 2
Identify potential risks and assess the impact thereof in a unit.
Specific Outcome 3
Develop contingency plans for managing risk.
Specific Outcome 4
Test and revise contingency plans.