Download the self-assessment worksheet 2.1 (p25)
Consider each question in the left hand column
As you answer the questions, deliberate current, recent, past and potential incidents
Remember to examine information sources from Annex F (p87)
Review the number of responses you answered “yes”
If there are many, this may imply that a more detailed risk assessment is required. Any “yes” could be an indicator of sources of potential risk and should be thoroughly assessed
When to conduct a risk assessment?
In any project, in order to mitigate or completely avoid problems, risk assessments should be started as early as possible.
- When considering a project – A VPs risk assessment can help identify specific risks. It can be used alongside, or as part of a broader political or country risk assessment
- At the outset of a new project – project specific VPs risk assessment should be conducted as early as possible
- Alongside a major decision – mergers, acquisitions, expansions etc may all be appropriate times to conduct or renew a VPs risk assessment
- When a major external event has occurred or is about to occur – major changes in external circumstances such as a change in government, outbreak of conflict, an economic crisis, or a political or policy decision, may bring about the need for a VPs risk assessment