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R isk Management: Principles, Methodologies and Techniques John Fitzsimon Director, CGIAR Internal Audit Unit Peter Getugi ILRI Internal Audit Manager NAIROBI  FEBRUARY 5, 2009
Session Outline Day   I. - 5 Feb 2009 (8.30 am to 1pm) ·          Recap on principles of risk management.    ·          Risk management methodologies and techniques   Day II. – 6 Feb 2009 (8.30 am to 1pm) ·         Institute risks identification, update and assessment.  ·         Group feed back sessions.  ·         ILRI Risk management -Going Forward
Risk Management: Not such a new subject.....
A Center’s achievement of its vision and mission is influenced by: RESEARCH STRATEGY  AND PROJECT PORTFOLIO PEOPLE PHYSICAL  INFRASTRUCTURE TECHNOLOGY INTELLECTUAL  AND  GERMPLASM ASSETS FINANCE INTERNAL PROCESSES EXTERNAL ENVIRONMENT
These factors present the Center with both  opportunities and risks: OPERATIONAL  EFFECTIVENESS FINANCIAL INTEGRITY  AND COMPLIANCE LEGAL COMPLIANCE   EFFICIENCY SAFETY  AND SECURITY
Definitions ,[object Object],[object Object],[object Object]
Definitions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Why the attention on more  formalized risk management? ,[object Object],[object Object],[object Object],[object Object]
Risk Management Framework: Key Principles ,[object Object],[object Object],[object Object],[object Object],[object Object]
Risk Management Framework: Key Principles ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
A Risk Management Framework: Key Principles ,[object Object],[object Object],[object Object],[object Object]
ILRI Risk Management  Framework: ,[object Object],[object Object],[object Object],[object Object],Center-wide risk  management system Mana gement   ana lysis  and reporting B oar d  re porti ng
Risk Management Framework: Concepts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What is your risk appetite?
Case Study: Enterprise Risks WHAT COULD BRING THE BUSINESS TO A GRINDING HALT:  IN DAYS? IN WEEKS?  IN MONTHS?  IN 5 YEARS? CAN WE PREVENT IT? HOW PREPARED ARE WE TO RECOVER?
Top Risks for ILRI – Identified in current risk register
Other risks to consider?
Case Study: Project and  Joint Venture Risks CENTER PARTNERS DONORS
Typical Project/Venture Risks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Where to from here? ,[object Object],[object Object]
Thank you!

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Risk management: Principles, methodologies and techniques

  • 1. R isk Management: Principles, Methodologies and Techniques John Fitzsimon Director, CGIAR Internal Audit Unit Peter Getugi ILRI Internal Audit Manager NAIROBI FEBRUARY 5, 2009
  • 2. Session Outline Day I. - 5 Feb 2009 (8.30 am to 1pm) ·         Recap on principles of risk management.   ·         Risk management methodologies and techniques   Day II. – 6 Feb 2009 (8.30 am to 1pm) ·         Institute risks identification, update and assessment. ·         Group feed back sessions. ·         ILRI Risk management -Going Forward
  • 3. Risk Management: Not such a new subject.....
  • 4. A Center’s achievement of its vision and mission is influenced by: RESEARCH STRATEGY AND PROJECT PORTFOLIO PEOPLE PHYSICAL INFRASTRUCTURE TECHNOLOGY INTELLECTUAL AND GERMPLASM ASSETS FINANCE INTERNAL PROCESSES EXTERNAL ENVIRONMENT
  • 5. These factors present the Center with both opportunities and risks: OPERATIONAL EFFECTIVENESS FINANCIAL INTEGRITY AND COMPLIANCE LEGAL COMPLIANCE EFFICIENCY SAFETY AND SECURITY
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  • 14. What is your risk appetite?
  • 15. Case Study: Enterprise Risks WHAT COULD BRING THE BUSINESS TO A GRINDING HALT: IN DAYS? IN WEEKS? IN MONTHS? IN 5 YEARS? CAN WE PREVENT IT? HOW PREPARED ARE WE TO RECOVER?
  • 16. Top Risks for ILRI – Identified in current risk register
  • 17. Other risks to consider?
  • 18. Case Study: Project and Joint Venture Risks CENTER PARTNERS DONORS
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