Procurement Risk Assessment Management System

Fiduciary ForumMarch, 2010

ORAF and PRAMS

PROJECT STAKEHOLDER RISKS

(TT-CMU-EXT)

OPERATING ENVIRONMENT RISKS

IA RISKS (Including FM & PR risks) (TT incl FM & PR)

PROJECT RISKS (TT incl FM & PR)

2

3

4

1

2.2 Institutional Risk (Sector / Multi-Sector Level) (SMU-RPM-RMFM)Fiduciary risks at Sector Level – available in PRAMS (with input from Sectors, PR)

1.1 Stakeholder Risk

2.1 Country Risk (CMU with PR &

FM)Country Fiduciary

Management(FM, PR Systems)

Available in PRAMS 3.2 Governance Risk

OwnershipDecision making

Accountability & OversightBehavior and Norms

3.1 Capacity RiskResources (Human/Financial)Processes, Systems & Control

4.3 Program & Donor Risk

Harmonization of procurement procedures

Alignment of implementation

support

4.5 Other Risks

4.2 Safeguards Risk

4.1 Design RiskNo. of IAs

Geographical dispersion

Level of decentralization

4.4 Delivery Quality Risk

Contract management

3.3 Fraud & Corruption RiskPrevalence of F&C

Transparency

2

PROJECT DEVELOPMENT OBJECTIVE(S)

Risks to Project Development Objectives

PRAMS Overview

3

4

P-RAMS – Operations Portal

P-RAMS - Risk Assessment (illustration)

5

P-RAMS - Rating Risks (illustration)

6

P-RAMS - Mitigation Measures (illustration)

7

OutcomesDesiredOutcomes

MitigationPlans

Evaluate Risks

/RatingsControls

Risk Factors

P-RAMS - Process

Identify controls

Evaluate risks:Inherent, Control, Residual

Develop plans

Act & monitor

Update or adjust action plans and SPN levels

Reevaluate

START

P-RAMS Dashboard (Phase 2)