C. Risk management strategy

Diversification can serve as a risk management strategy, but risk can also hamper diversification.

The Munich Vision a Global Strategy for Improved Risk Reduction and Disaster Management Using Space Technology

In paragraph 216 of the report, UNDP agreed with the Board's recommendation that it (a) evaluate establishing a risk management function responsible for implementing a risk management strategy at UNDP and (b) conduct a comprehensive risk assessment exercise.

It is estimated that a comprehensive corporate risk management strategy will be achieved over a three year period.

(b) Early warning functions need to be linked to risk assessment and preparedness programmes within a coherent disaster management strategy

(10) risk management.

(v) Risk management.

Risk management options

II. Risk management

However, in my review of the 2004 work plan, it was noted that a formal risk management strategy to identify and prioritise risk indicators had not yet been implemented.

Other platforms essentially focusing on information sharing and knowledge management, the strengthening of institutions, training and environmental risk management are being discussed under the aegis of the Strategy.

A Global Strategy for Disaster Risk

In the area of internal oversight, UNDP welcomes the recommendation for the evaluation and implementation of an enterprise risk management strategy (para.

UNHCR risk management framework

B. Financial risk management

Management has already established a risk management committee that will evaluate the piloting of enterprise risk management in the organization.

The Management Review and Oversight Committee reviewed the proposal for a new risk management strategy in November 2004 and was to deliberate further on it at its meeting in May 2005.

Internal control and risk management

Internet security and risk management

Internal audit and corporate risk management

3. Trade finance and risk management

Improved information and communications technology risk management

The Executive Secretary should elaborate a strategy for human resources management as an essential part of the proposed results based management strategy.

(a) Enterprise risk management and internal control framework

II. Strategy for the management of human resources

At that meeting, a total of 170 participants from 51 States discussed a global strategy that would contribute to helping developing countries gain access to and be able to use space technology for disaster management, a strategy put forward as the Munich Vision a Global Strategy for Improved Risk Reduction and Disaster Management Using Space Technology (A AC.105 837, annex).

A working group on a crisis prevention strategy was established by the Administration in January 2004 to strengthen the framework of internal management practices and control in three significant areas of risk (human resources, finance and asset management).

He welcomed the fact that regional organizations, resources, capacity and expertise in disaster management were involved in the implementation of the Hyogo Framework and that the African Union had acknowledged the African regional strategy for disaster risk management.

(b) Focus on the effectiveness and appropriateness of the process of (i) determining an investment strategy and (ii) executing that strategy, including determination of asset allocation, investment selection and portfolio management with respect to both monitoring and risk abatement techniques.

(b) Reviewing risk management and the internal control system

(1) Training Workshop on Community Based Disaster Risk Management

97 21. UNOPS Risk management, reserves and surplus income

Has Barbados' Customs Service implemented intelligence based risk management on borders to identify high risk goods?

In the context of the review, the Office will ensure that the recommendations for the adoption of a three year strategic plan that addresses the risk management strategy are considered.

Recognizing that space based technologies (Earth observation satellites, communication satellites, meteorological satellites and global navigation satellite systems) played an important role in risk reduction and disaster management, participants formulated a number of recognitions and recommendations, presented below, which together form a global strategy for improved risk reduction and disaster management using space technology.

A radioactive waste management strategy was adopted in 2004.

HUMAN RESOURCES MANAGEMENT IMPLEMENTATION OF THE SECRETARY GENERAL apos S STRATEGY FOR THE MANAGEMENT OF

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.

Their actions typically fall into the risk mitigation or loss severity reduction phases of the risk management process.

Decision making support mechanisms such as risk assessment and risk management, have been set up under these projects.

The Office identified specific risk areas by carrying out a risk management review when compiling the audit workplan.

In October 2004 the Basel Committee issued Consolidated KYC Risk Management.

Access to finance and risk management would also support entrepreneurial efforts.

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.