Risk Assessment Framework

Purpose: To identify, assess, and manage risks affecting the success of health programs and ensure that Real Health Uganda can effectively respond to potential challenges.

Components and Steps:

  1. Risk Identification:Guide:
    • Risk Brainstorming: Conduct brainstorming sessions with key stakeholders to identify potential risks, including operational, financial, and environmental risks.
    • Historical Data: Review past incidents and issues to identify recurring risks.
    Steps:
    • Organize workshops with program managers and staff to brainstorm potential risks.
    • Analyze historical data and reports to identify patterns and recurring issues.
    • Document identified risks in a risk register.
  2. Risk Analysis:Guide:
    • Risk Matrix: Use a risk matrix to evaluate the likelihood and impact of each identified risk. Categorize risks based on their severity (e.g., high, medium, low).
    • Quantitative Analysis: Apply quantitative methods to assess the probability and impact of risks using statistical models.
    Steps:
    • Develop a risk matrix to assess risks.
    • Assign likelihood and impact scores to each risk.
    • Prioritize risks based on their severity and potential impact on programs.
  3. Risk Mitigation Strategies:Guide:
    • Contingency Plans: Develop contingency plans for high-priority risks, outlining specific actions to mitigate or manage each risk.
    • Risk Reduction Measures: Implement measures to reduce the likelihood or impact of risks, such as diversifying funding sources or strengthening partnerships.
    Steps:
    • Create detailed contingency plans for top risks.
    • Identify and implement risk reduction measures.
    • Assign responsibilities for managing each risk to specific team members.
  4. Monitoring and Review:Guide:
    • Regular Monitoring: Continuously monitor identified risks and the effectiveness of mitigation strategies.
    • Review Meetings: Schedule regular review meetings to assess risk management processes and update strategies as needed.
    Steps:
    • Set up a monitoring system to track risk indicators.
    • Conduct quarterly review meetings to evaluate risk management efforts.
    • Update the risk register and mitigation strategies based on new developments.

Tools:

  • Risk Management Software: Utilize tools like RiskWatch or Risk Matrix to track and manage risks systematically.