Therefore, project sponsors, as the main promoters of the project, assume the highest financial risk.

The project will assist the Investment Management Service in mitigating exposure to various risk factors.

During the reporting period, UNHCR's Audit Service had embarked on a risk management pilot project in collaboration with PricewaterhouseCoopers which aimed to develop a culture of risk awareness and active risk management within the Office.

It might be important to bear in mind that the risk of the project being frustrated by lack of approval might be too high for the project sponsors to assume, and that the host Government might be requested to provide sufficient guarantees to the project sponsors and the lenders against such risk.

ILO is implementing the project to withdraw children from these high risk occupations and enrol them in schools.

Given the role internal audit should play in evaluating and improving risk management and control systems the UNHCR Audit Service embarked, in late 2004, on a risk management pilot project.

With project funding, the Agency also provided assistance towards the cost of hospital deliveries for pregnant women at risk.

23. The UNU project on Natural Disaster Risk Management places natural disaster management within the context of sustainable development.

A pilot project on sustainable livelihoods and crime prevention focusing on youth at risk is being developed, with project segments in El Salvador, the Lao People's Democratic Republic and Senegal.

It was also likely that some of the project proposals would merge as an additional way of reducing the business risk.

For the project sponsors it is important to have a return on their investment commensurate with the amount of risk they assume.

The Administration, however, noted that understaffing a project of this magnitude during the development phase carried significant risk hence, attention to detail should be considered in order to prevent problems later in the project.

The UNHCR Audit Service and the Inspector General's Office conducted a joint risk assessment of the 2005 tsunami relief project in Sri Lanka.

The basic goal of the project was to strengthen global security by reducing the risk of the use of weapons of mass destruction.

In 2004 the Ministry of Social Affairs commissioned from the PRAXIS Centre for Policy Studies a research project Availability of Housing for Risk Groups .

In addition, OIOS and the UNHCR Inspector General's Office have conducted a joint risk assessment of the UNHCR tsunami relief project in Sri Lanka.

Adopted decision 97 21 of 18 September 1997 on United Nations Office for Project Services risk management, reserves and surplus income (DP 1997 26)

The Department of Management recognized this risk and emphasized that in January 2005, when the new project team performed a state of the project review, it clearly saw those issues and took immediate steps to correct them.

The project targets groups at risk of becoming infected, through intravenous drug abuse, with the human immunodeficiency virus (HIV) and developing acquired immunodeficiency syndrome (AIDS).

The global project on youth in crisis is expected to produce a report on how to make health services accessible to young people at risk.

176. UNU and the secretariat of the International Decade for Natural Disaster Reduction are cooperating closely on the UNU project on Natural Disaster Risk Management.

In addition, a joint risk assessment of the UNHCR tsunami relief project in Sri Lanka was conducted by OIOS and the UNHCR Inspector General's Office to identify any events actions that might prevent UNHCR from achieving its project objectives.

The remaining 20 per cent will continue to be a risk area unless project monitoring is improved and further guidance and support is provided to partners.

The beneficiaries of this project are demobilized soldiers and the civilian population, particularly high risk groups such as children and returnees of the four central region provinces.

To address concerns, UNOPS had adopted a risk management approach to option 1 by reducing the cost base and ensuring that major costs were factored into project budgets.

The first project, which aimed at promoting healthy and productive lifestyles to prevent drug abuse among youth at risk, was found effective in introducing alternatives to drug abuse.

This project will provide a trading system with integrated compliance and risk and cross asset class coverage, and cash management and electronic trading capabilities for improved, straight through processing.

The development of models to integrate satellite and agrometeorological data with socio economic and nutritional information, using GIS technology, is currently being finalized under the GIEWS risk mapping project.

Their main reasons for accepting the risk of providing capital to infrastructure projects are the prospect of remuneration and the interest in diversifying investment. D. Parties to the project

The development of models to integrate satellite and agrometeorological data with socio economic and nutritional information, using GIS technology, is currently being finalized under the GIEWS risk mapping project.

The development of models to integrate satellite and agrometeorological data with socio economic and nutritional information, using GIS technology, is currently being finalized under the GIEWS risk mapping project.

Risk?

Risk?

(Project Pacific Southeast Asia, Project Kalkan Central Asia, Project Amazon South America, Project Baobab Africa)

However, it remains concerned about the risk of budget overruns given the material amounts of budgeted project expenditure rephased from 2005 to 2004 and will keep this matter under review.

Accurate, complete, timely reports will also help to mitigate the risk of project cost overruns and other internal control weaknesses mentioned by the external auditors in their 2002 2003 report.

The chief will be responsible for risk control of the Fund's investments as a whole in terms of portfolio risk, operational risk and compliance risk, and will plan and perform the oversight of performance measurement, investment risk analysis and operational risk analysis, including risk arising from sub adviser and service provider relationships.

In the view of OIOS, there was a risk that the construction documents might contain inaccuracies, inconsistencies or inefficiencies, which in turn could create delays and cost overruns for the project.

Discussions are under way regarding the insertion of a drug component in projects for youth at risk in Ecuador, Guyana and Venezuela, and a project on training for journalists in Kyrgyzstan.

Risk reduction

Risk factors

Risk assessment

Risk factors

Risk reduction.

There's another risk, and they respond less to this existing risk.