AfDB New Procurement Policy: Training Program for the Bank s Procurement Staff. Risk-based design of Procurement Arrangements - Introduction
|
|
|
- Merry Nichols
- 8 years ago
- Views:
Transcription
1 11 AfDB New Procurement Policy: Training Program for the Bank s Procurement Staff Risk-based design of Procurement Arrangements - Introduction
2 2 Bank's new Approach to Procurement New Vision of the Procurement Policy Procurement Framework Strengthening and relying on Regional Member Countries (RMCs) institutions and procurement systems for the execution of Bank Operations, while ensuring compliance with Bank s fiduciary policy. Adopting a strategic risk-based approach to procurement execution and oversight, advocating a risk assessment and management approach supporting achievement of Value for Money through a Fit for Purpose management of project cycle activities. Relying on a range of procurement options depending on country, agency, sector, and transactional risk profiles, environment and circumstances.
3 3 Bank's new Approach to Procurement New vision of the Procurement Policy- Procurement Framework Dynamic approach requiring a solid procurement risk assessment and management system. Greater consideration for RMCs needs in capacity development (at country, sector or project level). Need for Task Managers, Procurement Specialists and Procurement Accredited Staff to understand their respective roles in risk assessment and management.
4 4 Bank's new Approach to Procurement New vision of the Procurement Policy- Procurement Framework Three key interventions in project cycle: Project Preparation: Assessment of procurement risks and capacity, at country, sector, project and executing agency level; Project Appraisal and Negotiations: agreement on risks mitigation measures; and Project Execution: monitoring and evaluating compliance and performance.
5 5 Bank's new Approach to Procurement New vision of the Procurement Policy-Risk Assessment and Management
6 6 Bank's new Approach to Procurement New vision of the Procurement Policy- Procurement Framework The Bank s Procurement Risk Assessment and Management (PROCRAM) integrated approach is to strengthen the connection between various assessments conducted for the purpose of: (i) project preparation/appraisal; (ii) reviewing readiness (Readiness Review); (iii) declaring credit/loan effectiveness; (iv) reviewing mechanisms and procurement activities during project implementation; (v) conducting mid-term review; and (vi) preparing the Project Completion Report (PCR).
7 7 Bank's new Approach to Procurement New vision of the Procurement Policy- Procurement Framework Assessing and Managing risks in a dynamic and efficient way requires: Conducting procurement risk and capacity assessments; Setting-up risk mitigation measures; Verifying and analysing effectiveness and compliance of implementation through prior and post-reviews, as well as various procurement audits; and Monitoring action plan for improving performance, compliance and RMCs procurement capacity.
8 8 Bank's new Approach to Procurement New vision of the Procurement Policy- Procurement Framework Assessing and Managing risks in a dynamic and efficient way will inform: Risk Rating of the project Detailed procurement arrangements (choice of applicable rules, detailed Procurement Plan ) Bank supervision modality (prior review or post review) Action Plans (improvements) Mitigating measures
9 9 Risk definition Risk definition: exposure to loss as a consequence of uncertainty A variety of risks can be faced throughout the procurement process Understanding the main categories of risks assists in: Risk assessment Planning practical management, operation, training and technical assistance measures for risk mitigation
10 10 Risk impact Risk impact can be measured by: The likelihood of an unwanted event occurring The relevant consequences Small damages resulting from highly probable recurring event Large damages resulting from rare event Mitigation measures: Improved procedures Improved institutions Professional practice Training
11 11 Risk analysis Conducted at planning stage Identifies risks origin, probability and magnitude in order to: Define which risk warrants close attention Increase the potential for reducing exposure Shall be part of each procurement planning stage and be regularly updated
12 12 Risk management Purpose: mitigation of risk impact by Reducing the likelihood of occurrence Reducing avoidable consequences Procurement Specialists in charge of: Identification and analysis of all risk factors Decide on better management response for each risk or combination of risks
13 13 Risk management cont. Such responses may include the following actions: Ignore Reduce Transfer Manage
14 14 Risk management cont. Risks cannot be completely avoided, but can be managed to some extent Measures to manage risks are based on the adequacy (Fit for Purpose) and quality of the procurement process applied across all activities A useful tool to analyse risk and focus management is the risk analysis and management matrix
15 Risk analysis and management matrix 15 Impact Major Critical Minor Major Probability
16 16 Benefits of risk management Greater confidence of right supply at right time, to further specific activity goal Better control of uncertainty Reduced impact of risk Improved decision making (adequacy and quality) Realistic estimates less likely to be exceeded Stronger team communication Lower probability of damage to the image of the organization (reputational risk).
17 17 Sources of risks External factors Project complexity Project planning Procurement process Fraud, corruption and unprofessional conduct
18 INTOSAI Risk assessment matrix 18 INTOSAI: International Organisation of Supreme Audit Institutions LIKELIHOOD 1 Insignificant 2 Minor CONSEQUENCE 3 Moderate 4 Major 5 Catastrophic Is expected to occur in most circumstances Will probably occur Might occur at sometime in future Could occur but doubtful May occur but only in exceptional cases 5 Almost certain M H H E E 4 Likely M M H H E 3 Possible L M M H E 2 Unlikely L M M H H 1 Rare L L M M H
19 19 INTOSAI Risk assessment matrix - Legend 1. E Extreme Risk Detailed action plan required Top Priority 2. H High Risk Needs senior management attention High Priority 3. M Medium Risk Specify management responsibility Low Priority 4. L Low Risk Manage by routine procedures - Tolerable
20 20 Source of information The United Nations Global Marketplace ( The United Nations Procurement Practitioners Handbook INTOSAI ASOSAI
Risk Management: Coordinated activities to direct and control an organisation with regard to risk.
POLICY CG01 RISK MANAGEMENT Document Control Statement This Policy is maintained by the Governance and Organisational Strategy. Any printed copy may not be up to date and you are advised to check the electronic
Risk Management & Internal Compliance and Control System
Risk Management & Internal Compliance and Control System Risk Management SAI Global ( the Company ) recognises that risk management is an integral part of good management practice. Risk Management is an
PART A: OVERVIEW...1 1. Introduction...1. 2. Applicability...2. 3. Legal Provisions...2. 4. Effective Date...2
PART A: OVERVIEW...1 1. Introduction...1 2. Applicability...2 3. Legal Provisions...2 4. Effective Date...2 PART B: INTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS...3 5. Overview of ICAAP...3 6. Board and
Shepway District Council Risk Management Policy
Shepway District Council Risk Management Policy Contents Section 1 Risk Management Policy... 3 1. Updates and amendments... 3 2. Definition... 3 3. Policy statement... 3 4. Objectives... 3 Section 2 Risk
PROCESS FOR RISK ASSESSMENT
NHS Cambridgeshire Risk Assessment Framework INTRODUCTION The National Patient Safety Agency (NPSA) defines risk management as the process of identifying, assessing, analysing and managing all potential
Risk Management Policy
Risk Management Policy Responsible Officer Author Ben Bennett, Business Planning & Resources Director Julian Lewis, Governance Manager Date effective from December 2008 Date last amended December 2012
IRM CERTIFICATE AND DIPLOMA OUTLINE SYLLABUS
IRM CERTIFICATE AND DIPLOMA OUTLINE SYLLABUS 1 Module 1: Principles of Risk and Risk Management Module aims The aim of this module is to provide an introduction to the principles and concepts of risk and
Risk Management Policy and Framework
Risk Management Policy and Framework December 2014 phone 1300 360 605 08 89589500 email info@centraldesert.nt.gov.au location 1Bagot Street Alice Springs NT 0870 post PO Box 2257 Alice Springs NT 0871
Guidance for Industry: Quality Risk Management
Guidance for Industry: Quality Risk Management Version 1.0 Drug Office Department of Health Contents 1. Introduction... 3 2. Purpose of this document... 3 3. Scope... 3 4. What is risk?... 4 5. Integrating
International Diploma in Risk Management Syllabus
International Diploma in Risk Management Syllabus Module 1: Principles of Risk and Risk Management The aim of this module is to provide an introduction to the principles and concepts of risk and risk management.
Accreditation Application Forms
The Institute of Risk Management The Institute of Risk Management Accreditation Application Forms Universities and Professional Associations The Institute of Risk Management Accreditation Application Forms
RISK MANAGEMENT POLICY
DOCUMENT TYPE: DOCUMENT STATUS: POLICY OWNER POSITION: INTERNAL COMMITTEE ENDORSEMENT: APPROVED BY: Council policy Approved Manager Organisational Development Risk Management Committee Council DATE ADOPTED:
Safety Management Systems (SMS) guidance for organisations
Safety and Airspace Regulation Group Safety Management Systems (SMS) guidance for organisations CAP 795 Published by the Civil Aviation Authority, 2014 Civil Aviation Authority, CAA House, 45-59 Kingsway,
RISK MANAGEMENT POLICY
RISK MANAGEMENT POLICY Nuffield College s Risk Management Policy defines the College's approach to risk and how risk management should be embedded into management processes to ensure that the major risks
IFAD Policy on Enterprise Risk Management
Document: EB 2008/94/R.4 Agenda: 5 Date: 6 August 2008 Distribution: Public Original: English E IFAD Policy on Enterprise Risk Management Executive Board Ninety-fourth Session Rome, 10-11 September 2008
KENYA NATIONAL BUREAU OF STATISTICS RISK MANAGEMENT POLICY
KENYA NATIONAL BUREAU OF STATISTICS RISK MANAGEMENT POLICY SEPTEMBER 2009 Table of Contents Pg No. FOREWARD... ii PREFACE...iii CHAPTER ONE... 1 INTRODUCTION... 1 1.0 Background... 1 1.1 KNBS policy statement...
CORP 600 00 RISK MANAGEMENT POLICY & METHODOLOGY
CORP 600 00 RISK MANAGEMENT POLICY & METHODOLOGY CORP 600 RISK MANAGEMENT POLICY Purpose In March 2003, the Australian Stock Exchange (ASX) Corporate Governance Council released the first version of its
Council Meeting Agenda 27/07/15
3 Risk Management Framework Abstract Council s Risk Management Framework ( the Framework ) was adopted by Council in 2012. The Framework provides structure and guidance to Council s risk management activities
SOUTHERN RURAL WATER POLICY RISK MANAGEMENT POLICY
SOUTHERN RURAL WATER POLICY RISK MANAGEMENT POLICY 1. POLICY STATEMENT Having regard to AS/NZS ISO 31000 Risk Management, it shall be the Policy of SRW to manage risk to protect public safety, quality
V1.0 - Eurojuris ISO 9001:2008 Certified
Risk Management Manual V1.0 - Eurojuris ISO 9001:2008 Certified Section Page No 1 An Introduction to Risk Management 1-2 2 The Framework of Risk Management 3-6 3 Identification of Risks 7-8 4 Evaluation
CHECKLIST OF COMPLIANCE WITH THE CIPFA CODE OF PRACTICE FOR INTERNAL AUDIT
CHECKLIST OF COMPLIANCE WITH THE CIPFA CODE OF PRACTICE FOR INTERNAL AUDIT 1 Scope of Internal Audit 1.1 Terms of Reference 1.1.1 Do terms of reference: (a) establish the responsibilities and objectives
RISK MANAGEMENT POLICY
RISK MANAGEMENT POLICY This is in compliance with clause 49 of Listing Agreement entered into between Kwality Limited (hereinafter referred to as the Company ) and Stock Exchange(s), and the provisions
RISK BASED AUDITING: A VALUE ADD PROPOSITION. Participant Guide
RISK BASED AUDITING: A VALUE ADD PROPOSITION Participant Guide About This Course About This Course Adding Value for Risk-based Auditing Seminar Description In this seminar, we will focus on: The foundation
Business Planning, Risk Management and Quality. Mike Harris Immediate Past Chairman, AOQ-QLD Manager Business Systems, AECOM
Business Planning, Risk Management and Quality Mike Harris Immediate Past Chairman, AOQ-QLD Manager Business Systems, AECOM Australian Organisation for Quality A Professional Member based Incorporated
IMPLEMENTATION DETAILS
Policy: Title: Status: 1. Introduction ISP-I4 Managing Information Asset Security Approved Information Security Policy Documentation IMPLEMENTATION DETAILS 1.1. This document supports implementation of
Initial Professional Development Technical Competence (Revised)
IFAC Board Exposure Draft July 2012 Comments due: November 1, 2012 Proposed International Education Standard (IES) 2 Initial Professional Development Technical Competence (Revised) COPYRIGHT, TRADEMARK,
RISK MANAGEMENT PLAN APRIL 2010. M:\MAPPS\RiskManagementPlanApr10.doc Page 1 of 5
RISK MANAGEMENT PLAN APRIL 2010 M:\MAPPS\RiskManagementPlanApr10.doc Page 1 of 5 1. RISK MANAGEMENT STRATEGY 1.1 Risk Identification Process Departmental risk assessments are carried out annually, in line
abcdef Risk Management Programme Risk management is about identifying potential risks and managing ways to prevent them
abcdef Risk Management Programme Risk management is about identifying potential risks and managing ways to prevent them 1 Introduction Organisations have always faced and dealt with risks, or obstacles,
Supervisor of Banks: Proper Conduct of Banking Business [9] (4/13) Sound Credit Risk Assessment and Valuation for Loans Page 314-1
![Supervisor of Banks: Proper Conduct of Banking Business [9] (4/13) Sound Credit Risk Assessment and Valuation for Loans Page 314-1](/thumbs/39/20028146.jpg "Supervisor of Banks: Proper Conduct of Banking Business [9] (4/13) Sound Credit Risk Assessment and Valuation for Loans Page 314-1")
Sound Credit Risk Assessment and Valuation for Loans Page 314-1 SOUND CREDIT RISK ASSESSMENT AND VALUATION FOR LOANS Principles for sound credit risk assessment and valuation for loans: 1. A banking corporation
TransAlta Corporation Energy Trading Compliance Program Assessment
www.pwc.com/ca Energy Trading Compliance Program Assessment Disclaimer We prepared this report based on information available at the time of its preparation. Our observations and conclusions are based
THE ROLE OF FINANCE AND ACCOUNTING IN ENTERPRISE RISK MANAGEMENT
THE ROLE OF FINANCE AND ACCOUNTING IN ENTERPRISE RISK MANAGEMENT Let me begin by thanking Baruch College for giving me the opportunity to present this year s prestigious Emanuel Saxe Lecture in Accounting.
RISK MANAGEMENT FOR INFRASTRUCTURE
RISK MANAGEMENT FOR INFRASTRUCTURE CONTENTS 1.0 PURPOSE & SCOPE 2.0 DEFINITIONS 3.0 FLOWCHART 4.0 PROCEDURAL TEXT 5.0 REFERENCES 6.0 ATTACHMENTS This document is the property of Thiess Infraco and all
Policy and Procedure Statement
Policy and Procedure Statement SUBJECT: Enterprise Risk CATEGORY: General Administration NO. 502-G PREAMBLE Risk exists in all activities and cannot be avoided, nor can it always be eliminated. However,
UNIVERSITY OF LONDON GUIDE TO RISK MANAGEMENT. Purpose of the guide... 2
UNIVERSITY OF LONDON GUIDE TO RISK MANAGEMENT Purpose of the guide... 2 Risk Management The Basics... 2 What is Risk Management?... 2 Applying Risk Management... 2 The Use of Risk Registers in Risk Management...
Standard Operating Procedures (SOP) Research and Development Office
Standard Operating Procedures (SOP) Research and Development Office Title of SOP: Undertaking Risk Assessment of a Research and Development Project SOP Number: 33 Version Number: 1.0 Supercedes: N/A Effective
POLICY. Number: 7311-10-005 Title: Enterprise Risk Management. Authorization
POLICY Number: 7311-10-005 Title: Enterprise Risk Management Authorization [ ] President and CEO [ X] Vice President, Finance and Corporate Services Source: Director, Enterprise Risk Management Cross Index:
Fundamentals of Risk Management Understanding, evaluating and implementing effective risk management
SECOND EDITION Fundamentals of Risk Management Understanding, evaluating and implementing effective risk management Paul Hopkin KoganPage LONDON PHILADELPHIA NEW DELHI CONTENTS List of figures xiv List
Coordination and Cooperation between SAIs and Internal Auditors in the Public Sector
INTOSAI GOV 9150 The International Standards of Supreme Audit Institutions, ISSAIs, are issued by the International Organization of Supreme Audit Institutions, INTOSAI. For more information visit www.issai.org
Communications Manager
Job details Job title: Communications Manager Responsible to: Head of Communications Responsible for: Posts in the Communications Location: Liverpool with travel across all locations Overview of the role
Risk Methodology. Contents. Introduction... 2. The Risk Management Structure... 2. The Risk Management Cycle... 2. Methodology...
Risk Methodology Contents Introduction... 2 The Risk Management Structure... 2 The Risk Management Cycle... 2 Methodology... 3 Appendix 1...5 Definition of Controls... 5 Appendix 2...6 Definition of Impact...
LGMA Qld Governance and Corporate Planning Village Forum
www.pwc.com.au Fraud Risk Management Fraud Risk Assessments LGMA Qld Governance and Corporate Planning Village Forum March 2015 Agenda Introductions Fraud Risk Management Fraud Statistics s Global Economic
140.01.3 REQUIREMENTS OF SAFETY MANAGEMENT SYSTEM
SA-CATS 140 Safety management system List of technical standards 140.01.3 REQUIREMENTS OF SAFETY MANAGEMENT SYSTEM 1. Minimum standards for the safety management system 140.01.3 REQUIREMENTS OF A SAFETY
Service Risk Assessment. Consultant PQC
Service Risk Assessment Consultant PQC For further information or additional copies of this document contact either: Principal Policy Manager Building Policy Unit Works Division Telephone 07 3224 5482
WHS Risk Assessment and Control Form
WHS Risk Assessment and Control Form Step 1: Who has conducted the Risk Assessment Risk Assessment completed by (name): Staff / Student Number: Signature: Date: Step 4: Documentation and initial approval
RISK AND OPPORTUNITY MANAGEMENT STRATEGY 2013-2014
RISK AND OPPORTUNITY MANAGEMENT STRATEGY 2013-2014 Version 1.0 October 2013 Not protectively marked INDEX PAGE NO TITLE 3 Executive Summary 4 Our Shared Vision and Priorities 5 Outline of the Risk and
Risk Management Policy. Corporate Governance Risk Management Policy
Corporate Governance Risk Management Policy Approved by the Council of Ministers, May 2006 1. Background The Isle of Man Government is working to promote better risk management, with emphasis on the importance
Internal Controls and Risk Management Report
42 Internal Controls and Risk Management Report Responsibility Our Board of Directors has the overall responsibility to ensure that sound and effective internal controls are maintained, while management
FINDING THE RISK IN RISK ASSESSMENTS NYSICA JULY 26, 2012. Presented by: Ken Shulman Internal Audit Director, New York State Insurance Fund
FINDING THE RISK IN RISK ASSESSMENTS NYSICA JULY 26, 2012 Presented by: Ken Shulman Internal Audit Director, New York State Insurance Fund There are different risk assessments prepared: Annual risk assessment
The USAID Public Financial Management Risk Assessment Framework (PFMRAF) and the Case of Honduras. David Colvin President and CEO, IBI International
The USAID Public Financial Management Risk Assessment Framework (PFMRAF) and the Case of Honduras David Colvin President and CEO, IBI International Context: Paris Declaration on Aid Effectiveness (2005)
The task of Orava s risk management is also to support in adapting to the changes in business and risk environment.
RISK MANAGEMENT POLICY AND PRINCIPLES 1 (17) Board of Directors 20 January 2011 RISK MANAGEMENT POLICY Orava s goals and tasks of the Risk management The central short-term goal of Orava is to distinctly
Integration of Risk Management and Internal Audit. Chartered Institute of Management Accountants, New Zealand
Integration of Risk Management and Internal Audit Chartered Institute of Management Accountants, New Zealand Contents Understanding the three lines of defense governance model What is Risk? Risk Management
PROCEDURES RISK MANAGEMENT FRAMEWORK AND GUIDELINES PURPOSE INTRODUCTION. 1 What is Risk?
PROCEDURES RISK MANAGEMENT FRAMEWORK AND GUIDELINES PURPOSE This Framework and Guidelines have been developed in support of the CQUniversity Risk Management Policy and are intended for use by the CQUniversity
RISK MANAGEMENT POLICY (Revised October 2015)
UNIVERSITY OF LEICESTER RISK MANAGEMENT POLICY (Revised October 2015) 1. This risk management policy ( the policy ) forms part of the University s internal control and corporate governance arrangements.
Risk Management Policy Adopted by:
Risk Management Policy Adopted by: Infigen Energy Limited Infigen Energy (Bermuda) Limited Infigen Energy RE Limited in its capacity as Responsible Entity of Infigen Energy Trust Adopted: 17 December 2009
Risk Management Strategy EEA & Norway Grants 2009-2014. Adopted by the Financial Mechanism Committee on 27 February 2013.
Risk Management Strategy EEA & Norway Grants 2009-2014 Adopted by the Financial Mechanism Committee on 27 February 2013. Contents 1 Purpose of the strategy... 3 2 Risk management as part of managing for
RISK MANAGEMENT STRATEGY
RISK MANAGEMENT STRATEGY 1 Introduction The purpose of this document is to outline a which facilitates the effective recognition and management of risks facing the University. The Combined Code on Corporate
Achieve. Performance objectives
Achieve Performance objectives Performance objectives are benchmarks of effective performance that describe the types of work activities students and affiliates will be involved in as trainee accountants.
Risk Management Policy and Process Guide
Risk Management Policy and Process Guide Status: pending Next review date: December 2015 Page 1 Information Reader Box Directorate Medical Nursing Patients & Information Commissioning Operations (including
Risk Management Guide
Risk Management Guide Page(s) Introduction 3 The 5 steps to identifying risk 4 Risk Management Process - Step 1 5 Identify - Step 2 Assess Step 3 5-6 6 Control - Step 4 6 Monitor and Review -Step 5 6 Risk
Core Infrastructure Risk Management Plan
SHIRE OF MOUNT MAGNET Roads and Buildings Core Infrastructure Risk Management Plan Version 1 May 2013 AM4SRRC Document Control Asset Management for Small, Rural or Remote Communities Document ID: 59_280_110211
Analyzing Risks in Healthcare. February 12, 2014
Analyzing s in Healthcare February 12, 2014 1 Content What is Enterprise Management (ERM) ERM Benefits ERM Standards / ISO 31000:2009 ERM Process Register ERM Governance Model s Q&A 2 What is Enterprise
2012 Audit Plan. Finance, Audit and Facilities Committee Board of Regents. November 2011 ATTACHMENT
2012 Audit Plan Finance, Audit and Facilities Committee Board of Regents November 2011 ATTACHMENT Table of Contents Executive Summary...1 2012 Audit Plan...2 Analysis of Coverage of University Auditable
WFP ENTERPRISE RISK MANAGEMENT POLICY
WFP ENTERPRISE RISK MANAGEMENT POLICY Informal Consultation 3 March 2015 World Food Programme Rome, Italy EXECUTIVE SUMMARY For many organizations, risk management is about minimizing the risk to achievement
Risk Management - Board & Management Responsibilities Murray Short, MBA, CPA CA Not-for-Profit Partner RLB LLP
Risk Management - Board & Management Responsibilities Murray Short, MBA, CPA CA Not-for-Profit Partner RLB LLP 2 AGENDA About RLB / About Our Not-for-Profit Team Defining Risk Types of Organizational Risk
Managing Risk in Procurement Guideline
Guideline DECD 14/10038 Managing Risk in Procurement Guideline Summary The Managing Risk in Procurement Guideline assists in the identification and minimisation of risks involved in the acquisition of
THE SOUTH AFRICAN HERITAGE RESOURCES AGENCY ENTERPRISE RISK MANAGEMENT FRAMEWORK
THE SOUTH AFRICAN HERITAGE RESOURCES AGENCY ENTERPRISE RISK MANAGEMENT FRAMEWORK ACCOUNTABLE SIGNATURE AUTHORISED for implementation SIGNATURE On behalf of Chief Executive Officer SAHRA Council Date Date
REPORT 2014/078 INTERNAL AUDIT DIVISION
INTERNAL AUDIT DIVISION REPORT 2014/078 Audit of the Office for the Coordination of Humanitarian Affairs (OCHA) Managing Agent role for the Somalia Common Humanitarian Fund Overall results relating to
Version Adoption by Council: 2013 Resolution Number: 2013/177 Current Version: V1.0 Administered by: Governance Coordinator
Risk Management Framework Version Adoption by Council: 2013 Resolution Number: 2013/177 Current Version: V1.0 TRIM CON: 12/1132 Administered by: Governance Coordinator Last Review Date: 2013 Next Review
What is an integrated fraud control strategy, what are the implementation challenges
What is an integrated fraud control strategy, what are the implementation challenges Public Sector Anti-Corruption Conference 25 October 2007 Peter Achterstraat Auditor-General of NSW What is Fraud An
Supporting information technology risk management
IBM Global Technology Services Thought Leadership White Paper October 2011 Supporting information technology risk management It takes an entire organization 2 Supporting information technology risk management
Minnesota State Colleges and Universities System Procedures Chapter 5 Administration Procedures associated with Board Policy 5.22
Minnesota State Colleges and Universities System Procedures Chapter 5 Administration Procedures associated with Board Policy 5.22 5.25.1 Use of Electronic Part 1. Purpose. This procedure establishes requirements
Corporate Risk Management Policy
Corporate Risk Management Policy Managing the Risk and Realising the Opportunity www.reading.gov.uk Risk Management is Good Management Page 1 of 19 Contents 1. Our Risk Management Vision 3 2. Introduction
The Advanced Certificate in Performance Audit for International and Public Affairs Management. Workshop Overview
The Advanced Certificate in Performance Audit for International and Public Affairs Management Workshop Overview Performance Audit What is it? We will discuss the principles of performance audit. The session
Bridgend County Borough Council. Corporate Risk Management Policy
Bridgend County Borough Council Corporate Risk Management Policy December 2014 Index Section Page No Introduction 3 Definition of risk 3 Aims and objectives 4 Strategy 4 Accountabilities and roles 5 Risk
INTERNATIONAL ASSOCIATION OF INSURANCE SUPERVISORS
Standard No. 13 INTERNATIONAL ASSOCIATION OF INSURANCE SUPERVISORS STANDARD ON ASSET-LIABILITY MANAGEMENT OCTOBER 2006 This document was prepared by the Solvency and Actuarial Issues Subcommittee in consultation
Risk Management Policy
1 Purpose Risk management relates to the culture, processes and structures directed towards the effective management of potential opportunities and adverse effects within the University s environment.
An Introduction to Risk Management. For Event Holders in Western Australia. May 2014
An Introduction to Risk Management For Event Holders in Western Australia May 2014 Tourism Western Australia Level 9, 2 Mill Street PERTH WA 6000 GPO Box X2261 PERTH WA 6847 Tel: +61 8 9262 1700 Fax: +61
Bedford Group of Drainage Boards
Bedford Group of Drainage Boards Risk Management Strategy Risk Management Policy January 2010 1 Contents 1. Purpose, Aims & Objectives 2. Accountabilities, Roles & Reporting Lines 3. Skills & Expertise
Risk Management Strategy and Policy. The policy provides the framework for the management and control of risk within the GOC
Annex 1 TITLE VERSION Version 2 Risk Management Strategy and Policy SUMMARY The policy provides the framework for the management and control of risk within the GOC DATE CREATED January 2013 REVIEW DATE
Version: 3.0. Effective From: 19/06/2014
Policy No: RM66 Version: 3.0 Name of Policy: Business Continuity Planning Policy Effective From: 19/06/2014 Date Ratified 05/06/2014 Ratified Business Service Development Committee Review Date 01/06/2016
APCC London Regional Forum. Monday, 16 th June 2014
APCC London Regional Forum Monday, 16 th June 2014 Agenda 13.00 13.30 Registration, tea and coffee 13.30 13.40 Welcome and introduction - Kevin Parkinson, Director of the APCC 13.40 14.20 View for the
DRAFT. Informing the audit risk assessment for Cheshire Fire Authority. Year ending 31 March 2013 xx April 2013
Informing the audit risk assessment for Cheshire Fire Authority This version of the report is a draft. Its contents and subject matter remain under review and its contents may change and be expanded as
The Lowitja Institute Risk Management Plan
The Lowitja Institute Risk Management Plan 1. PURPOSE This Plan provides instructions to management and staff for the implementation of consistent risk management practices throughout the Lowitja Institute
River Stour (Kent) Internal Drainage Board Risk Management Strategy and Policy
River Stour (Kent) Internal Drainage Board Risk Management Strategy and Policy Page: 1 Contents 1. Purpose, Aims & Objectives 2. Accountabilities, Roles & Reporting Lines 3. Skills & Expertise 4. Embedding
Governance and Risk Management in the Public Sector. Fernando A. Fernandez Inter-American Development Bank (202) 623-1430 e-mail: fernandof@iadb.
Governance and Risk Management in the Public Sector Fernando A. Fernandez Inter-American Development Bank (202) 623-1430 e-mail: fernandof@iadb.org 1 Agenda Governance, why is it important? Compliance
ENTERPRISE RISK MANAGEMENT FRAMEWORK
ROCKHAMPTON REGIONAL COUNCIL ENTERPRISE RISK MANAGEMENT FRAMEWORK 2013 Adopted 25 June 2013 Reviewed: October 2015 TABLE OF CONTENTS 1. Introduction... 3 1.1 Council s Mission... 3 1.2 Council s Values...
Computer Security course
Computer Security course Risk Analysis Erland Jonsson (based on material from Lawrie Brown) Department of Computer Science and Engineering Chalmers University of Technology Sweden Security Management Overview
Board of Directors Meeting 12/04/2010. Operational Risk Management Charter
Board of Directors Meeting 12/04/2010 Document approved Operational Risk Management Charter Table of contents A. INTRODUCTION...3 I. Background...3 II. Purpose and Scope...3 III. Definitions...3 B. GOVERNANCE...4
RISK MANAGEMENT STRATEGY 2013-2016
RISK MANAGEMENT STRATEGY 2013-2016 As presented and endorsed by the Mornington Peninsula Shire s Audit Committee at its meeting of 20 February, 2013 and subsequent adoption by Council at its meeting of
Risk Management Strategy and Guidelines
Swale Borough Council Risk Management Strategy and Guidelines Status: Final Originating Date: January 2008 Date Ratified: February 2008 (Audit Committee) Next Review Date: January 2009 Accountable Member:
Safety Regulation Group SAFETY MANAGEMENT SYSTEMS GUIDANCE TO ORGANISATIONS. April 2008 1
Safety Regulation Group SAFETY MANAGEMENT SYSTEMS GUIDANCE TO ORGANISATIONS April 2008 1 Contents 1 Introduction 3 2 Management Systems 2.1 Management Systems Introduction 3 2.2 Quality Management System
6. Risk management plans for high risk activities and special events
6. Risk management plans for high risk activities and special events What is a high risk activity or special event? The answer to this question will be different for every organisation. A high risk activity
Education and Training Coordinator. REPORTING TO: Training Operations Manager, Jesuit Community College
POSITION DESCRIPTION POSITION TITLE: Education and Training Coordinator STATUS: PART TIME 0.8 EFT REPORTING TO: Training Operations Manager, Jesuit Community College 1. JESUIT SOCIAL SERVICES OVERVIEW
Waveney Lower Yare & Lothingland Internal Drainage Board Risk Management Strategy and Policy
Waveney Lower Yare & Lothingland Internal Drainage Board Risk Management Strategy and Policy Page: 1 Contents 1. Purpose, Aims & Objectives 2. Accountabilities, Roles & Reporting Lines 3. Skills & Expertise
ERM Program. Enterprise Risk Management Guideline
ERM Program Enterprise Management Guideline Table of Contents PREAMBLE... 2 When should I refer to this Guideline?... 3 Why do we need a Guideline?... 4 How do I use this Guideline?... 4 Who is responsible
Compliance Management Framework. Managing Compliance at the University
Compliance Management Framework Managing Compliance at the University Risk and Compliance Office Effective from 07-10-2014 Contents 1 Compliance Management Framework... 2 1.1 Purpose of the Compliance
APPENDIX A NCUA S CAMEL RATING SYSTEM (CAMEL) 1
APPENDIX A NCUA S CAMEL RATING SYSTEM (CAMEL) 1 The CAMEL rating system is based upon an evaluation of five critical elements of a credit union's operations: Capital Adequacy, Asset Quality, Management,
The PNC Financial Services Group, Inc. Business Continuity Program
The PNC Financial Services Group, Inc. Business Continuity Program 1 Content Overview A. Introduction Page 3 B. Governance Model Page 4 C. Program Components Page 4 Business Impact Analysis (BIA) Page
COSO Internal Control Integrated Framework (2013)
COSO Internal Control Integrated Framework (2013) The Committee of Sponsoring Organizations of the Treadway Commission (COSO) released its updated Internal Control Integrated Framework (2013 Framework)
ENTERPRISE RISK MANAGEMENT POLICY
ENTERPRISE RISK MANAGEMENT Approved by the Audit Committee on 14 February 2003 and adopted by resolution of the Board on 28 March 2003 Revisions approved by the Audit and Risk Committee on 14 February