SAQA 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.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Participate in the estimation and preparation of cost budget for a project or sub project and monitor and control actual cost against budget 
SAQA US ID UNIT STANDARD TITLE
120375  Participate in the estimation and preparation of cost budget for a project or sub project and monitor and control actual cost against budget 
ORIGINATOR
SGB Project Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Project Management 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular-Fundamental  Level 4  NQF Level 04 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
10134  Participate in the estimation and preparation of cost budgets for an element of work and monitor and control actual cost against budget  Level 4  NQF Level 04   

PURPOSE OF THE UNIT STANDARD 
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:
  • Identifying elements and resources to be costed through interpreting the project scope statement, work breakdown structure and other project data.
  • Participating in the preparation and production of a cost budget.
  • Contributing to the monitoring and controlling of cost budget performance by maintaining records and communicating. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
  • 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. 

  • UNIT STANDARD RANGE 
  • Project level will include but are not limited to 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.
  • Projects may include but is not limited to all projects including technical, developmental and business related projects.
  • Elements of work may include but is not limited to projects, sub projects, phases of a projects, stages, tasks or activities or work packages.
  • Elements of costing and budgeting may include but is not limited to forecasting, estimating.
  • Fixed costs may include but is not limited to rent, labour and overheads.
  • Variable costs may include but is not limited to materials, equipment, transport and resource.
  • Agreed standards and procedures may include but is not limited to an organization's project procedures and standards, industry best practice.
  • Policies and procedures may be organisation specified systems, policies and procedures or where these do not exist, accepted industry best practice. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify elements and resources to be costed through interpreting the project scope statement, work breakdown structure and other project data. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The work elements are identified and extracted from data. 

    ASSESSMENT CRITERION 2 
    Cost types (elements) are identified and agreed with financial and/or project management authorities. 

    ASSESSMENT CRITERION 3 
    Unit costs to be used for cost estimating are agreed with relevant authority. 

    ASSESSMENT CRITERION 4 
    The resource requirements for work elements are determined in terms of type, quantity and unit cost, and documented in agreed format. 

    SPECIFIC OUTCOME 2 
    Participate in the preparation and production of a cost budget. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The elements of cost for each work element / package are estimated using agreed rules and procedures. 

    ASSESSMENT CRITERION 2 
    A cost budget is documented in agreed format and within agreed time frames. 

    ASSESSMENT CRITERION 3 
    Underlying assumptions of the estimate are explained, motivated and documented in agreed format. 

    ASSESSMENT CRITERION 4 
    Approval is obtained for the budget from higher authority in accordance with established standards and procedures. 

    ASSESSMENT CRITERION 5 
    Cost budget figures are balanced and correct in accordance with standard accounting practices. 

    SPECIFIC OUTCOME 3 
    Contribute to the monitoring and controlling of cost budget performance by maintaining records and communicating. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Cost budget is communicated in a manner that ensures all relevant parties are clear on its contents. 

    ASSESSMENT CRITERION 2 
    Actual costs against the budget elements are obtained and records updated correctly. 

    ASSESSMENT CRITERION 3 
    Deviations of actual against budgeted costs are identified and communicated to higher authority. 

    ASSESSMENT CRITERION 4 
    Opportunities for corrective action or improvement are identified and communicated to relevant individuals/teams. 

    ASSESSMENT CRITERION 5 
    Financial records are maintained according to agreed standards and procedures. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this unit standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Costing an element of work.
  • Preparing project budgets.
  • Monitoring and controlling project budgets.
  • Fixed and variable costs.
  • Percentages and compound interest.
  • Spreadsheets.
  • Basic accounting practices for balancing budgets. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems pertaining to cost budgets and their balancing. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others when monitoring cost budgets to ensure compliance. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information pertaining to the estimating, preparing and monitoring cost budgets. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively with relevant parties regarding elements of the cost budget. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology to estimate, prepare and correct cost budgets for a project. 

    UNIT STANDARD CCFO DEMONSTRATING 
    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. 

    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 
    This unit standard replaces unit standard 10134, "Participate in the estimation and preparation of cost budgets for an element of work and monitor and control actual cost against budget", Level 4, 6 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  65051   Further Education and Training Certificate: Arts and Culture Development Support  Level 4  NQF Level 04  Reregistered  2023-06-30  CATHSSETA 
    Core  57885   Further Education and Training Certificate: CNC Production Machining  Level 4  NQF Level 04  Reregistered  2023-06-30  MERSETA 
    Core  79626   Further Education and Training Certificate: Commercial Property and Facilities Management  Level 4  NQF Level 04  Reregistered  2023-06-30  SERVICES 
    Core  61450   Further Education and Training Certificate: Film and Television Production Operations  Level 4  NQF Level 04  Reregistered  2023-06-30  MICTS 
    Core  66489   Further Education and Training Certificate: Foundry Operations  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2013-11-07  MERSETA 
    Core  58779   Further Education and Training Certificate: Production Technology  Level 4  NQF Level 04  Reregistered  2023-06-30  MERSETA 
    Core  50080   Further Education and Training Certificate: Project Management  Level 4  NQF Level 04  Reregistered  2023-06-30  SERVICES 
    Core  58780   Further Education and Training Certificate: Quantity Surveying  Level 4  NQF Level 04  Reregistered  2023-06-30  CETA 
    Elective  50479   Further Education and Training Certificate: Advertising  Level 4  NQF Level 04  Reregistered  2023-06-30  MICTS 
    Elective  60209   Further Education and Training Certificate: Child and Youth Care Work  Level 4  NQF Level 04  Reregistered  2023-06-30  HW SETA 
    Elective  58880   Further Education and Training Certificate: Fluid Power  Level 4  NQF Level 04  Reregistered  2023-06-30  MERSETA 
    Elective  57428   Further Education and Training Certificate: Youth Development  Level 4  NQF Level 04  Reregistered  2023-06-30  ETDP SETA 
    Elective  57611   National Certificate: 2D Animation  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  MICTS 
    Elective  58600   National Certificate: Land Transport Planning  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered" 
    2012-06-30  LG SETA 
    Elective  49743   National Certificate: Manufacturing Management  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  FOODBEV 
    Elective  50583   National Certificate: Public Service Communication  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  PSETA 


    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. Afric Training Centre and Security Studies PTY LTD 
    2. Amaqamu Project Management and Consulting 
    3. Artshub Institute 
    4. ATTI Nelspruit Pty Ltd 
    5. Aviwe Business Development and 
    6. BDCE (Pty) Ltd 
    7. Big Fish 
    8. BLC Entertainment 
    9. Bopang Consulting Services (PT 
    10. Breakeven 59(PTY) Ltd 
    11. College Africa Group (Pty) Ltd 
    12. Conspectus Academy 
    13. CREATIVE ARTS COLLEGE 
    14. Digital Media Arts College 
    15. Dintshang Trading 
    16. Edutel Services 
    17. EDUTEL SKILLS DEVELOPMENT PTY LTD 
    18. Epitome Villa (Pty)Ltd 
    19. EYETHU NATIONAL COMPUTER COLLEGE PTY LTD 
    20. FILM Mentorship & Training SA 
    21. Footprint Media academy Pty ltd 
    22. Gauteng College of Engineering 
    23. Greenview Training and Development Skills Centre 
    24. Health Advance Institute (HAI) 
    25. HILLCROSS BUSINESS SCHOOL (PTY 
    26. Ikusasalethu Youth Development 
    27. Information Technology Resource Centre 
    28. Institutional Higher Education 
    29. IT Labs Consulting 
    30. Jeppe College of Commerce and 
    31. Johannesburg Institute of Engi 
    32. K Boneng Consulting Services P 
    33. Kitso Bokamoso Training Solution 
    34. Leronsa Trading Enterprise 
    35. Leseding Computer Systems 
    36. LUPHINDI BUSINESS SOLUTIONS 
    37. MBOWA COLLEGE PTY LTD 
    38. MENTORNET (PTY) LTD 
    39. Metanoia Ratings PTY LTD 
    40. Midnight Feast Properties 116 
    41. Movietech Film and Television College 
    42. Musengavhadzimu Media 
    43. MVM Multimedia 
    44. Networx for Career Development 
    45. Ntevho-Ketso Training and Recruitement Consultancy cc 
    46. NTI College 
    47. Ntsangalala Business Enterprise 
    48. Nyathela Business College 
    49. OL Afrika Media 
    50. OPELONG BUSINESS INSTITUTE (PT 
    51. PACE Academia College (Pty) Lt 
    52. Peo Entle HIV Wellness Management and Youth Skills Development NPO 
    53. Petcon Capacity Building Solut 
    54. PHUTHUMA TEL PTY LTD 
    55. Posh Multimedia 
    56. Production Management Institute 
    57. Production Management Institute of Southern Africa (PMI) - Johannesburg 
    58. PRODUCTION MANAGEMENT INSTITUTE SA PTY LTD (PORT ELIZABETH) 
    59. Professional Development and Training Institute (Pty) Ltd 
    60. ProjectPro Management Services 
    61. QUALITATIVE INNOVATIVE SOLUTIONS 
    62. QUARPHIX (PTY) LTD 
    63. Resonance Institute of Learning 
    64. Retshetse Training Project 
    65. Richfield Graduate Institute of Technology Pty Ltd 
    66. SA College of Technology (PTY) 
    67. Sabela Learning Academy 
    68. South African Business and Tec 
    69. Southern African Youth Movement 
    70. Supersport Pty Ltd 
    71. Talent Development 
    72. TBL Empowerment Hub 
    73. Thabelanang t/a Thabelanang Trading Enterprise 
    74. THE GMC GROUP PTY LTD 
    75. The Media Workshop 
    76. THE NEW RECLAMATION GROUP (PTY) LTD (Prospecton) (TP) 
    77. The Skills College for Development and Training 
    78. Thubelihle Graduate Institute 
    79. Thuto-Botshabelo Training and Projects (Pty) Ltd 
    80. Tinotel Communications 
    81. Ulwazi Training & Development 
    82. Umtha Developments 
    83. Varsity Institute of Science & Technology (Pty)Ltd 
    84. Visionary Skill Academy 
    85. VUTHLARI MARKETING CONSULTING 
    86. Whitestone College 
    87. Youth Media Movement 



    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.