Risk Assessment & Management
FundPass offers comprehensive risk assessment and management services to NGOs to identify, evaluate, and mitigate risks associated with their operations and projects.
Risk Identification
- Thorough Risk Mapping
We conduct a thorough risk mapping exercise to identify potential risks at every level of the NGO's operations and projects. This includes financial, operational, strategic, compliance, and reputational risks. - Project-specific Risk Analysis
For each project undertaken by an NGO, we carry out a detailed risk analysis to pinpoint specific issues that might impede success. This encompasses assessment of environmental factors, project feasibility, stakeholder risks, and political and economic stability. - Stakeholder Risk Perceptions
We gauge risk perceptions among stakeholders, including beneficiaries, partners, and funders, to ensure all potential concerns are accounted for and addressed in the NGO's risk management strategy.
Risk Evaluation
Impact and Likelihood Assessment
Each identified risk is evaluated in terms of its potential impact on the NGO’s projects and operations, as well as the likelihood of its occurrence. This helps prioritize risks and allocate resources effectively for risk mitigation.
Risk Interdependency Analysis
We analyze how different risks may interconnect and impact each other, providing a comprehensive view of the potential challenges the NGO may face. Understanding these interdependencies is key to creating an effective risk management strategy.
Continuous Risk Monitoring
Our risk assessment is not a one-time exercise; we set up mechanisms for continuous monitoring to capture any new risks as they arise and to assess whether the likelihood or impact of existing risks changes over time.
Risk Mitigation
- Strategy Development
We work with partners to develop tailored risk mitigation strategies. These strategies are designed to either reduce the likelihood of risks occurring or to lessen their impact should they materialize. - Risk Response Planning
For each major risk, we help design a risk response plan, detailing the actions to be taken by the NGO in case the risk becomes a reality. This ensures that the NGO is prepared and can respond swiftly to mitigate negative consequences. - Capacity Building and Training
To strengthen the NGO's internal capability to manage risks, we provide training and capacity-building workshops for staff. These sessions cover risk management best practices, tools for identifying and evaluating risks, and techniques for implementing mitigation strategies.
