Should we fill out the template in consideration of the risks associated with the general country context regarding all operations, or specific to the specific ECW award activity? The first category, including the context, could include general risk regarding the country context, including political risk, economic risk, the political situation of the country that has an impact on the program. [...] The risk assessment matrix should be a snapshot of the risk exposure of 2 | P a g e the program. [...] What is expected under the “residual risks” column? The residual risk rating is comprised of the risk probability and impact after the mitigation measures have been put in place and aims to show the resulting or ‘residual’ risk exposure to the grantee. [...] Sometimes, the risk category changes after the submission of the risk matrix. [...] 3 | P a g e If grantees have any questions regarding the risk reporting exercise or would like to have a discussion with the ECW risk team on any of the issues related to the exercise or risk management in general, please contact us at risk@ecw-un.org.
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