Appendix 5: Risk Management Plan No Description of Impacts Risk rating Management response Residual Owner Risks risk rating Consequence Likelihood Risk Rating I Overarching applying across the program 1 Changes in domestic Strategic policy Moderate Possible High -The PD (also President of CIEM and economic Moderate PCU, policy agenda will recommendations advisor to the PM) is in a good position to convey Program influence the level of in targeted areas of strategic policy advice to national leaders. Director, commitments to the program are not -Inclusion of the well- connected PD and SAG in DFAT's First restructuring in reflected into the program design, combined with commitment Secretary program-targeted strategic of DFAT experts in Hanoi will mitigate this and SPM areas. Changes may documents dealing uncertainty. stifle restructuring with economic -The SAG will provide program's managers with and/or create new restructuring. up-to-date understanding of changing opportunities for circumstances that might impact on program restructuring performance -The program is structured to allow flexibility to respond quickly to changing circumstances. 2 Delays in Impacts and returns Moderate Unlikely While some delays are possible, relationships Low Program implementation could on investment developed during BWTO, intensive counterpart Director substantially reduce lower than involvement in program design, and the DFAT's opportunities for expected. Loss of involvement of the SAG (many who were also SPM study credibility involved with BWTO) means that is unlikely that recommendations to any delays would substantially reduce influence strategic opportunities for recommendations to influence policy decisions policy making. 3 Australia is Undermining of Moderate Unlikely -DFAT's SPM will draw on the expertise and Low DFAT's First associated with an Australia’s understanding of the PD, SAG, PCU and STA to Secretary unpopular reputation with the implement a communications strategy to support and SPM restructuring GoV and people of program objectives and raise Australia’s profile as program. Vietnam could have Vietnam partner in economic restructuring. adverse political -Policy dialogue and knowledge dissemination will and economic help consensus on program supported costs. restructuring. -DFAT will work with development partners to coordinate efforts and raise the program's profile.
Appendix 5: Risk Management Plan No Description of Risks Impacts Risk rating Management response Residual risk rating Owner Consequence Likelihood Risk Rating I Overarching applying across the program 1 Changes in domestic policy agenda will influence the level of commitments to restructuring in program-targeted areas. Changes may stifle restructuring and/or create new opportunities for restructuring Strategic policy recommendations in targeted areas of the program are not reflected into strategic documents dealing with economic restructuring. Moderate Possible High -The PD (also President of CIEM and economic advisor to the PM) is in a good position to convey strategic policy advice to national leaders. -Inclusion of the well- connected PD and SAG in the program design, combined with commitment of DFAT experts in Hanoi will mitigate this uncertainty. -The SAG will provide program's managers with up-to-date understanding of changing circumstances that might impact on program performance -The program is structured to allow flexibility to respond quickly to changing circumstances. Moderate PCU, Program Director, DFAT's First Secretary and SPM 2 Delays in implementation could substantially reduce opportunities for study recommendations to influence strategic policy decisions Impacts and returns on investment lower than expected. Loss of credibility Moderate Unlikely While some delays are possible, relationships developed during BWTO, intensive counterpart involvement in program design, and the involvement of the SAG (many who were also involved with BWTO) means that is unlikely that any delays would substantially reduce opportunities for recommendations to influence policy making. Low Program Director DFAT's SPM 3 Australia is associated with an unpopular restructuring program. Undermining of Australia’s reputation with the GoV and people of Vietnam could have adverse political and economic costs. Moderate Unlikely -DFAT's SPM will draw on the expertise and understanding of the PD, SAG, PCU and STA to implement a communications strategy to support program objectives and raise Australia’s profile as Vietnam partner in economic restructuring. -Policy dialogue and knowledge dissemination will help consensus on program supported restructuring. -DFAT will work with development partners to coordinate efforts and raise the program's profile. Low DFAT's First Secretary and SPM