1. 1 Bölgesel Rekabet Edebilirlik Operasyonel Programı’nın Uygulanması için Kurumsal Kapasitenin Oluşturulmasına Yönelik Teknik Yardım Technical Assistance on Institutional Building for the Implementation of RCOP in Turkey This project is co-financed by the European Union and the Republic of Turkey Risk management stages – Objective setting, Risk identification Todor Yankulov, t.yankulov@globaladvisers.eu t.yankulov@globaladvisers.eu

2. 2 This project is co-financed by the European Union and the Republic of Turkey Risk identification Risk assessment/evaluation Risk Response/treatment Risk reporting/communication Risk monitoring Risk Management stages

3. 3 This project is co-financed by the European Union and the Republic of Turkey Two sub-stages Analysis of objectives Event identification Risk Management Identification

4. 4 This project is co-financed by the European Union and the Republic of Turkey Risk The possibility of an event occurring that will have an impact on the achievement of objectives. Risk is measured in terms of impact and likelihood. Risk Management Identification

5. 5 This project is co-financed by the European Union and the Republic of Turkey What are our objectives? Where these objectives are defined? Who is responsible? Analysis of objectives

6. 6 This project is co-financed by the European Union and the Republic of Turkey Existence of a clear strategic and operational objectives - specific, measurable, achievable, relevant, timely Availability of strategic and operational plan with clear actions, outcomes, responsibilities Clear communication of the objectives Analysis of objectives

7. 7 This project is co-financed by the European Union and the Republic of Turkey Analysis of both strategic and operational objectives Analysis of the main activities / processes related to the achievement of any strategic or operational objective Determination of unfavorable events (risks) that may occur and affect the specific activity / process Analysis of objectives

8. 8 This project is co-financed by the European Union and the Republic of Turkey The meaning of classification Strategic and operational Internal and external Inherent and control Detailed classification of risk areas - political, economic, financial, legal and others. Classification of risks

9. 9 This project is co-financed by the European Union and the Republic of Turkey Requires an intimate knowledge of the organisation, the market in which it operates, the legal, social, political and cultural environment in which it exists As well as the development of a sound understanding of its strategic and operational objectives, including factors critical to its success and the threats and opportunities related to the achievement of these objectives. Should be approached in a methodical way Risk identification

10. 10 This project is co-financed by the European Union and the Republic of Turkey Not all existing risks could be identified and assessed At these stage grater number of events/risks have to be identified – more than the risks that will be managed at later stage In addition to identifying events at the entity level, events also should be identified at the activity level. Risk identification

11. 11 This project is co-financed by the European Union and the Republic of Turkey Identifying risks is an ongoing task that is not done once and only at the beginning of a time period/project The risks could be identified in different format – groups, risk managers, all staff A list of risks helps the identification The identified risks should be described clearly in an unified and structured format. Risk identification

12. 12 This project is co-financed by the European Union and the Republic of Turkey Risk identification methodology may comprise a combination of techniques, together with supporting tools. Techniques vary widely in level of sophistication. While many of the more sophisticated techniques are industry- specific, most are derived from a common approach. Some focus on detailed data analysis and create a bottom-up view of events, while others focus top down. Risk identification techniques

13. 13 This project is co-financed by the European Union and the Republic of Turkey Management selects techniques that fit its risk management philosophy They have to be sure that the organization possess the needed event identification capabilities and that supporting tools are in place. In any case the risk identification needs to be robust, as it forms the basis for the risk assessment and risk response components. Risk identification techniques

14. 14 This project is co-financed by the European Union and the Republic of Turkey Check lists Brainstorming Delphi methods Nominal group technique. Risk identification techniques

15. 15 This project is co-financed by the European Union and the Republic of Turkey Check lists Expert approach – the side effects of group work are isolated and is suitable for use by experts not involved in working groups on risk assessment Quickly and anonymously collect ideas without a group interactivity Generate a large number of ideas Allows the development of ideas, covering many categories of a particular topic; Facilitator prepares the topic and the categories. Risk identification techniques

16. 16 This project is co-financed by the European Union and the Republic of Turkey Brainstorming The rule – focus on quantity The status - timidity in giving ideas, indifference The rule - Limit the criticism The status – at early stage appears critical element The rule - unusual ideas The status – “framework” thinking Risk identification techniques

17. 17 This project is co-financed by the European Union and the Republic of Turkey Brainstorming - steps The leading/the animator presents the basic problem and provides additional clarification if necessary. The leading/the animator calls on participants to present their ideas. In the absence of ideas of the participants, the head offers suggestive ideas to stimulate creative thinking in the group. All participants present their ideas are recorded. To ensure clarity, participants can clarify their ideas. Risk identification techniques

18. 18 This project is co-financed by the European Union and the Republic of Turkey Brainstorming – steps The ideas are categorized The entire list is reviewed to clarify the ideas The irrelevant / repetitive ideas are remove Risk identification techniques

19. 19 This project is co-financed by the European Union and the Republic of Turkey Risk register – at least the objectives (by categories), the risk categories and the description of each risk have to be filled Risk identification techniques

20. 20 This project is co-financed by the European Union and the Republic of Turkey Thank you for your attention! Questions/Discussions