Risk Risk Owner Existing Controls Risk Rating with existing controls in place Is risk rating Proposed Treatments acceptable? Event, Source & Impact (who will (what’s currently in place?) (If no further treatment Y/N manage the required or available, (what could happen (event), what could cause the event to risk?) (if no, please please explain why) happen (source) and what would happen if the event occurs propose treatments) Consequence Likelihood Risk Rating CONTEXTUAL RISKS Event: Administration makes changes to senior officers in Philippine N/A Minor Possible Medium Yes N/A Implementing Agencies Government Source: Infrastructure delivery targets fall behind and agencies need to boost performance Impact: PFMP-II may lose reform champions in the process Event: The modular approach is not implemented properly DFAT and Evaluation of tenderers will Minor Possible Medium Yes Managing include demonstrated relevant Source: The Managing Contractor lacks experience in Contractor implementation experience managing multiple interventions in a complex program The Statement of Requirement for Impact: Program implementation is slow and contract the Managing Contractor includes milestones are not achieved on time performance-based payments and regular implementation reporting to DFAT. Event: Technical advisers and specialists are not mobilised Managing Evaluation of tenderers will Minor Unlikely Low Yes on a timely basis Contractor include demonstrated experience systems for recruitment and Source: The Managing Contractor's recruitment system is mobilisation of advisers weak. The Statement of Requirement for Impact: Implementation of program interventions is the Managing Contractor includes delayed. performance-based payments and regular implementation reporting to DFAT.
Risk Event, Source & Impact (what could happen (event), what could cause the event to happen (source) and what would happen if the event occurs Risk Owner (who will manage the risk?) Existing Controls (what’s currently in place?) Risk Rating with existing controls in place Is risk rating acceptable? Y/N (if no, please propose treatments) Proposed Treatments (If no further treatment required or available, please explain why) Consequence Likelihood Risk Rating CONTEXTUAL RISKS Event: Administration makes changes to senior officers in Implementing Agencies Source: Infrastructure delivery targets fall behind and agencies need to boost performance Impact: PFMP-II may lose reform champions in the process Philippine Government N/A Minor Possible Medium Yes N/A Event: The modular approach is not implemented properly Source: The Managing Contractor lacks experience in managing multiple interventions in a complex program Impact: Program implementation is slow and contract milestones are not achieved on time DFAT and Managing Contractor Evaluation of tenderers will include demonstrated relevant implementation experience The Statement of Requirement for the Managing Contractor includes performance-based payments and regular implementation reporting to DFAT. Minor Possible Medium Yes Event: Technical advisers and specialists are not mobilised on a timely basis Source: The Managing Contractor's recruitment system is weak. Impact: Implementation of program interventions is delayed. Managing Contractor Evaluation of tenderers will include demonstrated experience systems for recruitment and mobilisation of advisers The Statement of Requirement for the Managing Contractor includes performance-based payments and regular implementation reporting to DFAT. Minor Unlikely Low Yes
pfmp-ii-investment-design-document-final-draft.docx