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RISK MANAGEMENT FRAMEWORK Presentation by Jozef Hupperetz. History. Abolition of 100% controls Increased volume of traffic Reduction of resources. History. EU Common approach individual systems structured lines of communication cover all relevant risks
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RISK MANAGEMENT FRAMEWORK Presentation by Jozef Hupperetz
History • Abolition of 100% controls • Increased volume of traffic • Reduction of resources
History • EU Common approach • individual systems • structured lines of communication • cover all relevant risks • 15 customs administrations working as one
Risk Management Framework STRATEGY
Risk Management Framework FIRST element ENVIRONMENT • S takeholders • T asks • O bjectives • P rocess
Risk Management Framework FIRST element ENVIRONMENT RESULT: Description of the relationship between the organisation and its environment
Risk Management Framework 1. ENVIRONMENT STRATEGY
Risk Management Framework SECOND element RISKS ANALYSIS • IDENTIFY RISKS • How to handle the bulk of information • Establish a list of risk sectors
Risk Management Framework SECOND element RISKS ANALYSIS • ANALYSE RISKS • Establish the Likelihood and Consequence of risks
Risk Management Framework SECOND element RISKS ANALYSIS • WEIGHTING OF RISKS • Compare data with pre-established criteria • Ranking: • High • Medium • Low
Risk Management Framework WEIGHTING of RISKS
Risk Management Framework 1. ENVIRONMENT STRATEGY 2. RISK ANALYSIS
Risk Management Framework THIRD element TREATMENT • STRATEGICAL DECISIONS • Change of legislation • OPERATIONAL DECISIONS • Targeted Controls • Random Controls • Audit • Use of resources
Risk Management Framework 1. ENVIRONMENT STRATEGY 2. RISK ANALYSIS 3. TREATMENT
Risk Management Framework FOURTH element MONITORING • Evaluation of the risk management mechanism • Performance, Effectiveness and Efficiency • Measurement of results
Risk Management Framework 1. ENVIRONMENT STRATEGY 4. MONITORING 2. RISK ANALYSIS 3. TREATMENT
Risk Management Framework 1. ENVIRONMENT STRATEGY 4. MONITORING 2. RISK ANALYSIS 3. TREATMENT