Higher Certificate in Business Management in Risk Management

Purpose

The purpose of the Higher Certificate in Risk Management is to introduce students in the workplace with general business management theories and introductory management competencies to enable them in assisting management in managing risk within the organisations or business or department.

Rationale

This qualification is a career orientated qualification particularly associated with just in time and enough to meet the specified needs of the industry. The qualification facilitates access to learning in a manageable manner in terms of cost, time, energy and resources, both for the employer and employee. The qualification target specific adult learners to upgrade skills and knowledge in the workplace context.

Recognition of Prior Learning (RPL)

Recognition of Prior Learning in the case of learners not complying with the formal entry requirements will be conducted following the policy and guidelines of the institution 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 advanced placement, or status recognition on the condition that they continue their studies at this institution.

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 5 totalling 120 Credits:

• Financial Risk, 12 Credits.
• Human Resource Management, 12 Credits.
• Strategic Management, 12 Credits.
• Environment of Business,12 Credits.
• Project Management, 12 Credits.
• Accounting Aspects, 12 Credits.
• Risk Management, 12 Credits.
• Operational Risk ,12 Credits.
• Corporate Governance Compliance Management and Legal Risk, 12 Credits.
• Business Writing and Communication, 12 Credits.

1. Describe, explain and illustrate managerial theories applicable in the specific business environment.
2. Describe strategic management concepts and analyse the business environment.
3. Provide an overview of motivational theories and the management of conflict in the workplace.
4. Communicate and write reports in a business environment.
5. Illustrate basic management accounting principles.
6. Describe, explain and illustrate risk management concepts in the business environment.
7. Relate corporate governance, compliance and legal risk to organisational activities.
8. Explain the various financial instruments that an organisation can use to spread its investment risk.
9. Use basic project management tool and techniques.
10. Identify and analyse the uncertainties surrounding organisational operational activities.

The Associated Assessment Criteria will be applied in an integrated manner across the Exit Level Outcomes

• Explain managerial theories that can be applied in a specific business environment.
• Discuss basic accounting principles.
• Report on strategic management concepts that a business can use in evaluating their business environment.
• List the motivational theories and the management of conflict in the workplace.
• Apply communication and writing skills in a business environment.
• Discuss internationally accepted risk management terminology and risk management.
• Frame-work in the work context.
• Review corporate governance, compliance and legal risk within the work environment. 9. Review basic financial risk management concepts in the work context.
• Apply basic risk management concepts to assist management in the management of business operations.
• Use basic project management tools and techniques to achieve project deliverables.

Integrated Assessment

The curriculum is coherently aligned in that all teaching, learning and assessment activities are linked to module outcomes and qualification outcomes. Assessment methods are varied and include a summative and formative assessment to enhance applied competence from students 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. Assessment methods used to test the knowledge of the learners are using a written individual assignment as well as a closed book examination. Each of these assessments counts 50% towards the final mark, with a sub-minimum of 40% to be obtained in each assessment.