The Risk Management Plan contains an assessment of risk based on the following criteria: L = Likelihood of occurrence (1=Rare, 2=Unlikely, 3=Possible, 4=Likely, 5=Almost certain) C = Consequence of occurrence (1=Negligible, 2=Minor, 3=Moderate, 4=Major, 5=Severe) R = Risk Level Combination of the two assessments (E=Extreme, H=High, M=Medium, L=Low) SOURCE OF RISK RISK EVENT RANKING RISK TREATMENT RESP. L C R FINANCIAL & ECONOMIC RISKS MoES is not able to Limited opportunity for MoES to 4 4 H Continuous monitoring of MoES DFAT influence MoF to increase provide counterpart funding in budget. Active support to MoES with MoES budget allocations to better support of BEQUAL and regards to public financial finance recurrent (non-wage) therefore limits the opportunity management capacity development allocations. for the program to be sustained and dialogue with MoF. High level consultations by DFAT at Post with Lao Government (MoF).Use of Program funds to support recurrent (non-wage) expenditure if necessary. Corrupt practices by officials Services provided at inflated 4 4 H Careful checks and balances across DFAT at each divert resources costs all expenditure channels to reduce BEQUAL from target beneficiaries opportunities for diversion of Preferred contractors bypassed Managing resources for other contractors who will Contractor misuse funds Incentives for DTE, RIES including teachers may 3 4 M Program initiatives seen to be DFAT, MoES, and provincial and district perceive participation in program included as an integral part of regular personnel (e.g. service activities to be additional to MoES activities rather than as an credits, travel allowances) to normal workload additional task. be engaged in BEQUAL activity are not provided by MoES
The Risk Management Plan contains an assessment of risk based on the following criteria: L = Likelihood of occurrence (1=Rare, 2=Unlikely, 3=Possible, 4=Likely, 5=Almost certain) C = Consequence of occurrence (1=Negligible, 2=Minor, 3=Moderate, 4=Major, 5=Severe) R = Risk Level Combination of the two assessments (E=Extreme, H=High, M=Medium, L=Low) SOURCE OF RISK RISK EVENT RANKING RISK TREATMENT RESP. L C R FINANCIAL & ECONOMIC RISKS MoES is not able to influence MoF to increase budget allocations to better finance recurrent (non-wage) allocations. Limited opportunity for MoES to provide counterpart funding in support of BEQUAL and therefore limits the opportunity for the program to be sustained 4 4 H Continuous monitoring of MoES budget. Active support to MoES with regards to public financial management capacity development and dialogue with MoF. High level consultations by DFAT at Post with Lao Government (MoF).Use of Program funds to support recurrent (non-wage) expenditure if necessary. DFAT MoES Corrupt practices by officials at each divert resources from target beneficiaries Services provided at inflated costs Preferred contractors bypassed for other contractors who will misuse funds 4 4 H Careful checks and balances across all expenditure channels to reduce opportunities for diversion of resources DFAT BEQUAL Managing Contractor Incentives for DTE, RIES and provincial and district personnel (e.g. service credits, travel allowances) to be engaged in BEQUAL activity are not provided by MoES including teachers may perceive participation in program activities to be additional to normal workload 3 4 M Program initiatives seen to be included as an integral part of regular MoES activities rather than as an additional task. DFAT, MoES,