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

Manage project finances 
SAQA US ID UNIT STANDARD TITLE
242650  Manage project finances 
ORIGINATOR
SGB Art, Craft & Design 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 02 - Culture and Arts Cultural Studies 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  15 
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 
The purpose of the learning is to equip learners with the competencies to manage an enterprise's finances with regards to projects. The maintenance, updating and management of financial information will significantly contribute to the viability of the enterprise. The standard will contribute to the industry in general by providing a pool of competence crucial to the running of an enterprise. Qualified learners will be able to increase their earning capacity, thereby contributing towards the upliftment of the communities in which they live.

Credited learners are capable of:
  • Drafting budgets according to project plans.
  • Monitoring income and expenditure according to budgets.
  • Supervising financial management of projects against given requirements.
  • Evaluating projects according to budget. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    The credits and level assigned to this unit standard is based on the assumption that learners are competent in:
  • Communication - NQF Level 4. 
    		•

    UNIT STANDARD RANGE 
    The level of competence required includes wide-ranging, specialised scholastic or technical skills, and a broad knowledge base with substantial depth in arts and culture enterprise. The learner is required to select from a wide choice of procedures that are standard and non-standard, and has to plan, select and present information, methods and resources in terms of project conceptualisation. Learners are usually under general supervision, although they take full responsibility for the nature, quality and quantity of their output in terms of project conceptualisation. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Draft budgets according to project plans. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Budget plans are linked to project goals. 

    ASSESSMENT CRITERION 2 
    Project goals are established in line with specific project requirements. 

    ASSESSMENT CRITERION 3 
    Agreed budget writing practices are adhered to. 

    ASSESSMENT CRITERION 4 
    Drafted budget is reviewed, reflected on and modified for optimal suitability for purpose. 

    SPECIFIC OUTCOME 2 
    Monitor income and expenditure according to budget. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Expenses are documented in a consistent manner, that allows for easy access. 

    ASSESSMENT CRITERION 2 
    Expenses are consolidated in a consistent manner according to specified requirements. 

    ASSESSMENT CRITERION 3 
    Income is documented in a consistent manner, that allows for easy access. 

    ASSESSMENT CRITERION 4 
    Income is consolidated in a consistent manner according to specified requirements. 

    ASSESSMENT CRITERION 5 
    Income and expenses are accurately compared with the set budget according to specified requirements. 

    ASSESSMENT CRITERION 6 
    The need for corrective action is accurately identified and appropriate steps are taken according to specified procedures. 

    SPECIFIC OUTCOME 3 
    Supervise financial management of projects against given requirements. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Supervising systems are set and adhered to, in a consistent manner. 

    ASSESSMENT CRITERION 2 
    Policies and procedures are checked against appropriate standards. 

    ASSESSMENT CRITERION 3 
    Financial reports are monitored for the duration of the project against given criteria. 

    ASSESSMENT CRITERION 4 
    Strategic plans are in place and agreed upon, for corrective actions. 

    SPECIFIC OUTCOME 4 
    Evaluate project according to budget. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Project budgets are accurately aligned with organisation budget. 

    ASSESSMENT CRITERION 2 
    Project income and expenses are compared with the set budget according to specified requirements. 

    ASSESSMENT CRITERION 3 
    Disparities between budgeted and actual figures are accurately quantified. 

    ASSESSMENT CRITERION 4 
    Decisions are made regarding the project based on financial viability. 
    ASSESSMENT CRITERION RANGE 
    Decisions can be based on budgeted and actual figures.
     


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Assessment of learner achievements takes place at providers accredited by a relevant ETQA (RSA, 1998b) for the provision of programs that result in the outcomes specified for this unit standard.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with a relevant ETQA.
  • Any institution offering learning that will enable achievement of this unit standard must be accredited as a provider with a relevant ETQA.
  • The relevant ETQA according to the moderation guidelines and the agreed ETQA procedures will oversee moderation of assessment and is responsible for moderation of learner achievements of learners who meet the requirements of this unit standard. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    Credited learners understand and can explain:
  • Financial management (including budgets, balance sheet, cash flow, profit and loss).
  • Project Management. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems where responses to problems show that such critical and creative thinking has been used to make responsible decisions when drafting budgets according to project plans. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation or community when supervising financial management of projects. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively when monitoring income and expenditure according to budgets. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information when evaluating projects according to budget. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematic and/or language skills in the modes of oral and/or written presentation when supervising financial management of projects. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility towards the environment and health of others when drafting budgets according to project plans. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation when managing project finances in general. 

    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. 

    UNIT STANDARD NOTES 
    Notes to assessors:

    Assessors should keep the following principles in mind when designing and conducting assessments against this unit standard:
  • Focus the assessment activities on gathering evidence in terms of the main outcome expressed in the title to ensure assessment is integrated rather than fragmented. Remember we want to declare the person competent in terms of the title. Where assessment at title level is unmanageable, then focus assessment around each specific outcome, or groups of specific outcomes.
  • Make sure evidence is gathered across the entire range, wherever it applies. Assessment activities should be as close to the real performance as possible, and where simulations or role-plays are used, there should be supporting evidence to show the learner is able to perform in the real situation.
  • Do not focus the assessment activities on each assessment criterion. Rather make sure the assessment activities focus on outcomes and are sufficient to enable evidence to be gathered around all the assessment criteria.
  • The assessment criteria provide the specifications against which assessment judgements should be made. In most cases, knowledge can be inferred from the quality of the performances, but in other cases, knowledge and understanding will have to be tested through questioning techniques. Where this is required, there will be assessment criteria to specify the standard required.
  • The task of the assessor is to gather sufficient evidence, of the prescribed type and quality, as specified in this unit standard, that the learner can achieve the outcomes again and again and again. This means assessors will have to judge how many repeat performances are required before they believe the performance is reproducible.
  • All assessments should be conducted in line with the following well documented principles of assessment: appropriateness, fairness, manageability, integration into work or learning, validity, direct, authentic, sufficient, systematic, open and consistent. 
    		•

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  57612   National Certificate: Arts and Culture Enterprise  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CATHSSETA 
    Core  60309   National Certificate: Sport Management  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CATHSSETA 
    Elective  90721   Certificate: Design Techniques  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  96401   National Certificate: Export Administration  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  59201   National Certificate: Generic Management  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 


    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. Immaculate Events and Management Solutions 
    2. Richfield Graduate Institute of Technology Pty Ltd 
    3. VSS College (Pty) LTD 


    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.