Advanced Certificate in Business Management in Risk Management

Purpose

The purpose of the Advanced Certificate in Risk Management is to equip the learners with intermediate business management theories and risk management competencies to supplement their practical experience in the workplace to enable them to act in a supervisory and managerial capacity.

Rationale

The customisation of short learning of this qualification to industry is one of the most dynamic features of the institution. Career orientated learning qualifications are particularly associated with just in time and just enough learning to meet the specified needs of industry. Short Career orientated learning qualifications facilitate access to learning in a manageable manner in terms of cost, time, energy and resources, both for the employer and employee. These short learning qualifications target specific adult learners to upgrade skills and knowledge in the workplace context and are subject to the institution quality assurance processes.

Recognition of Prior Learning (RPL)

Recognition of Prior Learning in the case of learners not complying with the formal entry requirements will be conducted in accordance with the policy and guidelines of the University concerning the recognition of other forms of formal, informal and non-formal learning and experience. Recognition takes place only where prior learning corresponds to the required National Qualifications Framework(NQF) Level, and in terms of applied competencies relevant to the content and outcomes of the qualification. Through Recognition of Prior Learning students may gain access, or advance placement, or status recognition on the condition that they continue their studies at this University.

Entry Requirements

The minimum requirement is

National Senior Certificate National Qualifications Framework(NQF) Level 4.

This qualification comprises of compulsory modules at National Qualifications Framework (NQF) Level 6 totalling 120 Credits.

Compulsory Modules, Level 6, 120 Credits

• International Management Issues, 12 Credits.
• Management Accounting, 12 Credits.
• Business Continuity Processes, 12 Credits.
• Economic Principles, 12 Credits.
• Strategy Implementation, 12 Credits.
• Change Management, 12 Credits.
• Risk Financing, 12 Credits.
• Managing Risk Management, 12 Credits.
• Risk Identification and Assessment, 12 Credits.
• Introduction to Analytical Techniques, 12 Credits.

1. Analyse an organisation, identify their strategic objectives and recommend a strategy to achieve these objectives.
2. Explain basic economic principles.
3. Relate change management principles and theories to effect change within the organisation.
4. Apply international management principles in establishing and manage a global business mind set within international organisations.
5. Use management accounting principles to develop an operational budget and controlling the budget.
6. Use analytical techniques to interpret and solve basic business data.
7. Apply internationally accepted risk assessment techniques to identify and analyse organisational risk.
8. Illustrate the application of risk management tools in managing risk in the organisation.
9. Use limited variance models to finance risk in an organisation.
10. Apply basic business continuity management principles to develop a business continuity plan.

• Analyse an organisation and recommend a strategy to achieve the organisational goals.
• Explain basic economic principles.
• Apply change management principles and theories to effect change within the organisation.
• Apply international management principles in establishing and manage a global business mind set within international organisations.
• Use management accounting principles to develop an operational budget and controlling the budget.
• Use analytical techniques to interpret and solve basic business data.
• Apply internationally accepted risk assessment techniques to identify and analyse organisational risk.
• Illustrate the application of risk management tools in managing risk in the organisation.
• Use limited variance models to finance risk in an organisation.
• Apply basic business continuity management principles to develop a business continuity plan.

Integrated Assessment

The qualification is coherently aligned in that all teaching, learning and assessment activities are linked to module and qualification outcomes. Assessment methods are varied and includes summative and formative assessment to enhance applied competence from learners and facilitate authentic assessment and learning. Assessment will not only be used to determine whether outcomes were achieved, but also to generate data for grading and provide feedback in order to improve the curriculum. For all the assessment purposes to be achieved, written individual assignment as well as a closed book examination will be utilised.