1
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Step
Communications & Consultation
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Responsible Party
Risk Owner
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Template/Guideline
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Explanatory Notes
Include key stakeholders in risk identification and risk analysis process. Communicate & consult with relevant parties of the Bureau and the Office at all stages of RM processes and update them at regular/planned intervals.
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2
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Step
Scope, context and criteria
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Responsible Party
Bureau Director
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Template/Guideline
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Explanatory Notes
Integrated in Regional Programme Document; Global Programme Document; Bureau IWP; Office IWP.
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3
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Step
Risk Assessment: Identification of Risks
Risk Analysis
Evaluation of Risk
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Responsible Party
Bureau Director
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Template/Guideline
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Explanatory Notes
In consultation with relevant stakeholders, identify major risks for the overall objectives across COs in the region, Central Bureaux or the Office level, and track in respective IWPs (Risk Register), during programme design and twice a year at a minimum during implementation.
Analyze likelihood and impact of programme/unit risks by applying the ERM Criteria Model and record in Risk Register.
Evaluate each risk in the Programme/Unit Risk Register specific to Regional/Central Bureaus to define which risks require priority treatment based on the Bureau & Office’s risk acceptance in order to meet the Programme objectives and avoid harm.
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4
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Step
Risk Treatment
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Responsible Party
Bureau Director
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Template/Guideline
|
Explanatory Notes
Respond to the COs & Units' escalated risks; Escalate the risks that cannot be adequately addressed by Central/Regional Bureaux, and the Offices to the Risk Committee.
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5
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Step
Risk Monitoring & Review
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Responsible Party
Risk Owner
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Template/Guideline
|
Explanatory Notes
Monitor risks at the frequency that is best fit for the risk and complexity of the Programme/Unit. Update Risk Register on bi-annual basis at a minimum. For RBx, ensure risk management being conducted in COs across the region.
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6
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Step
Risk Recording and Reporting
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Responsible Party
Bureau Director
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Template/Guideline
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Explanatory Notes
Records Risks in the ERM risk register and Report the Bureau and the Offices' major risks bi-annually in IWP and annually in ROAR.
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