3: Is risk rating Risk rating with existing Implementation Residual Risk (after Mitigation) acceptable Further Possible Responsibility controls in Primary Existing Date for Risk (without Risk Mitigation for Mitigation Controls Mitigation Risk measures)? Measures Measures Risk Consequence Likelihood Measures Consequence Likelihood Rating Rating Y/N Risk Category: Results The social and AMEP is Major Possible High No Review DFAT, AMEP, the MTR, or Moderate Possible High designed to be environment at Advisory as needed. political environment for flexible and to mid-term review Committee the extractives adjust the level and adjust industry of its ambitions objectives deteriorates. to the context. If significant reform to the investment environment is impossible, AMEP will continue to maintain relationships and look for openings for modest change Risk Category: Implementation A high Careful Moderate Unlikely Low Yes Moderate Unlikely Low proportion of discussion of activities partner needs supported by and assessment AMEP fails to of likely achieve sustainability. outcomes Balanced portfolio that allows some activities to fail while maintaining a performing set of activities overall.
3: Risk Primary Existing Controls Risk rating with existing controls in Is risk rating acceptable (without measures)? Y/N Further Possible Risk Mitigation Measures Responsibility for Mitigation Measures Implementation Date for Mitigation Measures Residual Risk (after Mitigation) Consequence Likelihood Risk Rating Consequence Likelihood Risk Rating Risk Category: Results The social and political environment for the extractives industry deteriorates. AMEP is designed to be flexible and to adjust the level of its ambitions to the context. If significant reform to the investment environment is impossible, AMEP will continue to maintain relationships and look for openings for modest change Major Possible High No Review environment at mid-term review and adjust objectives DFAT, AMEP, Advisory Committee the MTR, or as needed. Moderate Possible High Risk Category: Implementation A high proportion of activities supported by AMEP fails to achieve outcomes Careful discussion of partner needs and assessment of likely sustainability. Balanced portfolio that allows some activities to fail while maintaining a performing set of activities overall. Moderate Unlikely Low Yes Moderate Unlikely Low
australia-mongolia-extractives-program-phase-2-design.docx