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Update on Risk Management from CIAT Board Meeting #63 in Nairobi, Kenya (May 13, 2011)

This document summarizes the major risks identified and monitored by the Management Team during the CIAT Board Meeting #63. Key risks include challenges in staffing, research partner reliability, asset infrastructure, funding volatility, and project financing. Significant changes in risk likelihood were reported, with four risks shifting to "medium" and one to "low." Additionally, two new risks were introduced with a "low" likelihood. These updates reflect the impact of CGIAR reforms on operations and risk management strategies.

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Update on Risk Management from CIAT Board Meeting #63 in Nairobi, Kenya (May 13, 2011)

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  1. Update on Risk ManagementCIAT Board Meeting #63 Nairobi, Kenya 13 May 2011 • Ruben G. Echeverría

  2. Major risks identified and monitored by the Management Team

  3. Risk 1 Inability to attract and retain appropriate staff

  4. Risk 2 Research partner failure to deliver requirements

  5. Risk 3 Inadequate asset infrastructure to adequately conduct required research

  6. Risk 4 Funding volatility due to reliance on limited number of donors

  7. Risk 5 Insufficient funds to meet Center operations in the short and medium term

  8. Risk 6 Inadequate financing of restricted project costs

  9. Risk 7 Significant over expenditures

  10. Risk 8 Managing geographical decentralization in terms of research integrity, financial and operational integrity, human resources

  11. Summary of changes implemented • Risk likelihood of four risks changed to “medium” • Risk likelihood of one risk changed to “low” • Two news risks included with “low” risk likelihood

  12. Inclusion of two new risks • Based on the CGIAR reform (Fund Council and Consortium Board operations)

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