Financial Risk Management in Development Projects

Risks and its consequences pose a formidable threat to poverty reduction efforts. This training is geared towards risk management for development projects based in Africa. In the current economic downturn, many funding institutions have faced increasing responsibility to ensure value-for-money on development projects; therefore, participants on this training course will learn how financial risk management can enhance project effectiveness through measured and considered financial risk management as well as monitoring and evaluation.

The overall objective of the course is designed to assist and equip participants to be able to:

• Maximize the effectiveness and efficiency with which funds are allocated
• Facilitate the development of effective partnerships between the public administration, rural community organizations and locally active development agents of the private sector and civil society
• Identify, analyse, mitigate, monitor and control financial risks, particularly as it relates to development projects
• Develop a financial risk management framework and risk strategy
• Appreciate the benefits of proactively managing risk
• Identify financial management monitoring and evaluation techniques that can be applied to develop action plans that mitigate financial risks associated with management of projects in development projects
• Have an overview of human resource issues and be able to develop strategies (administrative and financial) to mitigate associated risks

• Analysis and assessment of risks associated with development projects
• Why financial risk management has become so crucial for successful management for development projects
• What are the competing internal approaches to the measurement of risks
• Awareness of industry standard operational risk methodologies
• Develop a risk management framework- identification of assumptions and risks
• Risk management processes: how to identify, analyse and manage risk
• Consequences if not undertaking pro-active risk management
• Project and programme risk – purpose and benefits of planning, monitoring and evaluation
• Key concepts and approaches in evaluation – effectiveness, efficiency, impact, relevance and sustainability
• Research, data analysis techniques and reporting
• Towards developing a M&E system to mitigate financial risk on projects
• Identification of transparent, simple and effective measures of financial risk mitigation
• Identification of cost effective financial risk mitigation measures
• Community involvement in a successful internal control and financial management

Delegates will attend this 1 week course between 09:00 and 17:00 daily.

This course is also available as a 2-week programme for group bookings.

Please contact us today for a quote.