Operational Risk Assessment (ORA) for Local Government Engineering Department (LGED) in Bangladesh : Final Implementation Plan
In April, 2008 the World Bank and the Local Government Engineering Department (LGED) commenced a study with the following objectives: (i) to assess fiduciary and operational risks in LGED's management of projects, assets and other resources, a...
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| Format: | Other Infrastructure Study |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2009/10/16240686/bangladesh-operational-risk-assessment-ora-local-government-engineering-department-lged-final-implementation-plan http://hdl.handle.net/10986/12414 |
| Summary: | In April, 2008 the World Bank and the
Local Government Engineering Department (LGED) commenced a
study with the following objectives: (i) to assess fiduciary
and operational risks in LGED's management of projects,
assets and other resources, and in the Local Government
Division (LGD), Ministry Of Local Government, Rural
Development and Cooperatives' oversight function; (ii)
to evaluate the efficacy of external review of
decision-making by LGED and the LGD; and (iii) to identify
options for future monitoring of operational risks in LGED
and the LGD, and (iv) to prioritize options which are
realistic and available to effectively minimize the major
operational risks identified. This report addresses the last
of these objectives. It is based on discussions in Dhaka
14-20 March with senior LGED staff the Operational Risk
Assessment (ORA) team leader, and follow-up work by LGED
staff through March 30. The report identifies and
categorizes three different types of risks. The first type
includes risks that LGED has the authority to take the
necessary actions to address, with support from development
partners and routine budgetary spending and staffing
authorizations needed from other agencies. The second type
includes risks that can only be addressed by LGED in
partnership with one or more other organizations. In other
words, it can initiate some parts, but will also need key
partners to make necessary decisions to carry out the
recommended actions. Although initial work on these can
begin right away, successful implementation is expected to
take longer than addressing the first type of risks. The
third type includes risks that stem from the external
environment in which LGED operates. LGED cannot take any
direct action to address them. Yet, based on a full
understanding of the nature of the risk, LGED may be able to
take indirect actions to mitigate the relevant operational
and fiduciary risks to LGED's operations and
reputation. These are more complex than the first two types,
and may take more time to address. Once finalized, the
report will be presented and discussed at the ORA
Dissemination Workshop tentatively scheduled for July, 2009,
with participants from Government, civil society, and
international partner organizations. Following approval by
the Local Government Division, Ministry Of Local Government,
Rural Development and Cooperatives, LGED will begin
implementing the risk mitigating measures according to the
attached schedule. |
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