Forwardrisk horizon
Emerging Risks We Are Monitoring
1) Employees resistance to change
Mitigation approach:
- Detailed implementation plan
- Regular continued communication
2) Challenges to recruit suitable candidates for new roles
Mitigation approach:
- Clear competence framework per role
- Boosting adverts on social media
3) Donor confidence declines due to pivot
Mitigation approach:
- Regular donor communication
4) Budget overruns from new initiatives
Mitigation approach:
- Close monitoring of budget
- Spend prioritisation and strict procurement controls
5) Temporary Government Funding gaps
Mitigation approach:
- Align with DBE funding timeframes and requirements
- Greater collaboration and partnership opportunities with DBE
6) Negative public perception
Mitigation approach:
- Continuous communication with stakeholders sharing progress updates through newsletters and social media
7) Non-compliance with new legal requirements for DBE registration
Mitigation approach:
- Maintain DBE relationships
- Conduct compliance audits