SOUTH AFRICAN QUALIFICATIONS AUTHORITY
UNIT STANDARD: 38
Understand the basic principles of management theory and practice
SAQA US ID
SGB NAME / SGB for Quantity Surveying
NSB / NSB 12: Physical Planning and Construction
NQF LEVEL: / 5
CREDITS / 15
FIELD / Physical Planning and Construction
SUB-FIELD / Physical Planning, Design and Management
UNIT STANDARD TYPE / Regular
ISSUE DATE
REVIEW DATE
PURPOSE OF THE UNIT STANDARD
The qualifying learner is capable of :
Understanding the management of organisations, with particular reference to the management of people, production management, marketing management, and financial management
Successful completion of this unit standard will contribute towards the full development of a professional community of Quantity Surveyors. The skills, knowledge and understanding to be demonstrated by qualifying learners are essential for economic transformation and social upliftment within environments related to construction and property development
LEARNING ASSUMED TO BE IN PLACE
NQF Level 4 or equivalent
SPECIFIC OUTCOMES AND ASSESSMENT CRITERIA
Specific outcome 1
Understand the basic principles of contemporary management theory / Assessment criteria 1
1.1  The emergence of modern management thought is understood
1.2  Patterns of management analysis are explained
1.3  Planning as a management activity is understood
1.4  Organising as a management activity is understood
1.5  Staffing as a management activity is understood
1.6  Leading as a management activity is understood
1.7  Controlling as a management activity is understood
1.8  Communicating as a management activity is understood
Specific outcome 2
Understand the basic principles of financial management / Assessment criteria 2
2.1  The context of financial decision-making is explained
2.2  Traditional methods of investment appraisal are understood e.g. The payback method and return on capital employed
2.3  The single-period investment-consumption decision model is explained
2.4  The discounted cash flow approach to investment appraisal is understood
2.5  The Net Present Value and Internal Rate of Return methods of appraisal are understood
2.6  The effects of capital market imperfections (e.g. capital rationing) are understood
2.7  Knowledge of the cost of capital in investment appraisal is demonstrated
2.8  The principles of working capital management are understood i.e. working capital management, current asset management, and sources and forms of short-term financing
2.9  The sources and forms of long-term financing are understood
Specific outcome 3
Understand the basic principles of marketing management / Assessment criteria 3
3.1  The role and tasks of marketing management in organisations is understood
3.2  The relationship between strategic management and the marketing process in explained
3.3  The process of analysing marketing opportunities is understood i.e. consumer and organisational markets and buying behaviour, market segmentation and targeting, market measurement and forecasting
3.4  The process of planning the marketing strategy is understood i.e. market planning, competitive marketing strategy, product life-cycle strategy, and new product development strategy
3.5  The principles underlying assembling the marketing mix are explained (The 5 P’s)
3.6  The importance of marketing research is explained
Specific outcome 4
Understand the basic principles of production management / Assessment criteria 4
4.1  The principles of quality control are understood
4.2  The principles of inventory analysis are explained
4.3  The principles of linear programming are understood
4.4  Knowledge of the principles of product and process layout are demonstrated
4.5  The principles of work measurement and method study are explained
4.6  PERT as a project planning tool is understood

ACCREDITATION PROCESS, INCLUDING MODERATION OPTIONS

Both normative and summative assessment methods incorporating evaluation techniques to adequately and appropriately achieve the objectives of this Unit Standard, are applied
Summative assessments include integrated assessment to evaluate the learner’s ability to combine various knowledge and skills competencies in such a way that
·  respective specific outcomes are adequately met
·  learning achievements relative to the specific outcomes of this Unit Standard are competently demonstrated
·  embedded / underlying knowledge is applied insofar as it relates to specific outcomes
·  domain knowledge is displayed
Moderation options include transparent, affordable
·  peer review (academic - interdisciplinary - work-place practitioners )
·  assessment of competence by external organisations and in particular the South African Council for the Quantity Surveying Profession, established in terms of the Quantity Surveying Profession Act No 49 of 2000
·  compliance with the framework and regulations established by the Higher Education Quality Committee of the CHE, which includes the appointment of accredited / registered external examiners / assessors who are external to the provider
·  assessment of competence by professional institutions / inter-disciplinary fraternal associations
RANGE STATEMENTS
The scope of this Unit Standard is related to the performance of work typically undertaken by Quantity Surveyors and which newly-qualified persons are expected to demonstrate in their places of employment, including the ability to
a)  conceptualise and understand the basic principles of contemporary management theory
b)  understand the basic principles of financial management
c)  understand the basic principles of marketing management
d)  understand the basic principles of production management
ESSENTIAL EMBEDDED KNOWLEDGE

Refer to specific outcomes and associated assessment criteria

The specific outcomes of this Unit Standard relate to fields of economic activity other than Quantity Surveying, thereby providing career-path options leading to a variety of employment opportunities, for example in

§  banking
§  capital allowances and tax advice
§  construction management
§  contract surveying
§  education and training
§  environmental management
§  equipping / refurbishment / management e g commercial / retail enterprises and hospitality / tourism industry
§  facilities management
§  housing
§  information technology
§  mining
§  project management
§  property brokerage
§  property development
§  property valuation
§  real estate management
§  shipbuilding and maintenance
§  specification writing
§  urban and regional planning
NOTES / SUPPLEMENTARY INFORMATION
Refer to foregoing range statements. Qualifying learners are expected to demonstrate their skills (in terms of Assessment Criteria) within time limits which are acceptable to Assessors / Moderators, relative to the scope of task / assignment production and overall quality of performance

Unit Stdd: 38

Understand the basic principles of management theory and practice