Public Procurement Practice RISK MANAGEMENT | Accra Metropolitan University

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Management

Public Procurement Practice RISK MANAGEMENT

CIPS and NIGP - Organizational Body;

olitical : risks associated with a failure to deliver policy for the entity that is served, or to meet the local administration’s policy commitments (e.g. a failure to integrate sustainability considerations into acquisition decisions), and the impact of social unrest, changes in government, and the potential for political turmoil at home or abroad. n Economic : risks affecting the organization’s ability to meet its financial commitments (e.g. failing to consider the consequences of proposed major investment decisions prior to an acquisition; effects of inflation, recession, and foreign exchange rates). n Social : risks relating to the effects that changes in demographic, residential or socio- economic trends will have on the organization’s ability to deliver appropriate services (e.g. failure to procure sufficient elderly care provision for an aging population). n Technological : risks associated with the organization’s capacity to deal with the pace/scale of technological change or its ability to use technology to address changing demands (e.g. a failure to procure the appropriate software to allow for the efficient financial management of the authority; failure to manage and protect the security of the data). n Legislative/ Regulatory : risks associated with current or potential changes in law (e.g. a failure to address a legal directive). n Competitive: risks affecting the cost, quality, or competitiveness of a service (e.g. the failure to address a failing service through improvement, market testing, or outsourcing). n Customer/citizen : risks associated with the failure to meet the current or changing needs and expectations of customers and citizens (e.g. the demand to improve the availability of public transport).

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Series Title: -
Call Number: -
Publisher: : ., 2012
Collation: 1-4
Language: English
ISBN/ISSN: -
Classification: NONE
Content Type: -
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Edition: -
Subject(s): Public Procurement Practice RISK MANAGEMENT
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