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

Apply technical knowledge and skill in order to manage risk in business interruption 
SAQA US ID UNIT STANDARD TITLE
14980  Apply technical knowledge and skill in order to manage risk in business interruption 
ORIGINATOR
SGB Financial Services 
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 4  NQF Level 04 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Registered" 
2003-10-08  2006-10-08  SAQA 0150/03 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2007-10-08   2010-10-08  

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 is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
242666  Apply technical knowledge of risk to business interruption  Level 4  NQF Level 04  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for managers of organisations and learners who manage risk in insurance and other organisations.

The qualifying learner is capable of:
  • Explaining the principles of incident escalation as they relate to business interruption.
  • Applying the risk management process to manage business interruption risk.
  • Demonstrate knowledge and understanding the principles of graduated response.
  • Planning the resumption of business operations. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    There is open access to this Unit Standard. Learners should be competent in Communication and Mathematical and Financial Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Emergency situations include but are not limited to fire, bomb threat, explosion, armed robbery, civil/labour unrest, flooding, bio-terrorism, property damage and machinery breakdown. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the principles of incident escalation as they relate to business interruption. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The factors and effects that distinguish a minor incident are explained in terms of business interruption. 

    ASSESSMENT CRITERION 2 
    2. The factors and effects that distinguish a major incident are explained in terms of business interruption. 

    ASSESSMENT CRITERION 3 
    3. The factors and effects that distinguish an emergency are explained in terms of business interruption. 

    ASSESSMENT CRITERION 4 
    4. The factors and effects that distinguish a crisis are explained in terms of business interruption. 

    ASSESSMENT CRITERION 5 
    5. The principles of incident escalation are explained with reference to fire, bomb threat, explosion, civil/labour unrest, armed robbery, flooding, bio-terrorism and machinery breakdown. 

    SPECIFIC OUTCOME 2 
    Apply the risk management process to manage business interruption risk. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Potential risks that could interrupt business and pose an emergency are identified and quantified for a particular operation. 

    ASSESSMENT CRITERION 2 
    2. The business interruption criteria are identified and quantified for a particular operation. 

    SPECIFIC OUTCOME 3 
    Demonstrate knowledge and understanding of the principles of graduated response. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The principles of graduated response are explained with reference to three different emergency situations. 

    ASSESSMENT CRITERION 2 
    2. The principles of incident escalation and graduated response are aligned to ensure appropriate response to the severity of the incident for two case studies. 

    ASSESSMENT CRITERION 3 
    3. A response action plan to minimise the adverse consequences of business interruption is compiled for a specific operation. 

    ASSESSMENT CRITERION 4 
    4. Procedure documents to support the plan are compiled for a specific operation and aligned to the action plan. 

    SPECIFIC OUTCOME 4 
    Plan the resumption of business operations. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Resources required to resume business are identified with reference to equipment, finance, materials and person power. 

    ASSESSMENT CRITERION 2 
    2. Plans to access and acquire the necessary resources are compiled for three case studies. 

    ASSESSMENT CRITERION 3 
    3. An action plan is proposed to limit business interruption risk for three different scenarios. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Accreditation for this Unit Standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative and formative assessment by a registered assessor.
  • Assessors must be registered as an Assessor with the INSQA or with an ETQA that has a Memorandum of Understanding with the INSQA
  • Moderators must be registered as assessors with INSQA, or with an ETQA that has a Memorandum of Agreement with INSQA.
  • Training providers must be accredited by the relevant ETQA.

    Moderation should include both internal and external moderation where applicable. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Learners are capable of identifying and solving problems in which responses show that responsible decisions using critical and creative thinking have been made in identifying potential risks to business interruption at a specific organisation and compiling an action plan. 

    UNIT STANDARD CCFO COLLECTING 
    Learners are capable of collecting, organising and critically evaluating information in conducting assessing business interruption risk. 

    UNIT STANDARD CCFO COMMUNICATING 
    Learners are capable of communicating effectively in analysing and quantifying the business interruption risk at an operation and compiling action plans and supporting documentation. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Learners are capable of seeing the world as a set of related systems proposing solutions to manage business interruption risk. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 242666, which is ' Apply technical knowledge of risk to business interruption ', Level 4, 2 Credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  48640   National Certificate: Financial Services Management  Level 4  Level TBA: Pre-2009 was L4  Reregistered  2023-06-30  INSETA 
    Elective  24396   National Certificate: Risk Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2006-10-08  Was INSETA until Last Date for Achievement 


    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. Faisit (Pty) Ltd 
    2. Intec College 



    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.