Procurement Risk Framework (Lao Translation)

Business Guide | June 2018

The procurement risk framework emphasizes the need to treat and manage risks after identification and highlights risk management as an ongoing activity.

This guidance note describes ADB’s procurement risk framework for managing procurement risk throughout the procurement cycle. Effective risk management minimizes impacts on project objectives from adverse events. The guidance note describes how risks are identified, assessed, and managed at the country and sector/agency levels, and how those risks are used as inputs into the identification, assessment, and management of risk at the project level during procurement planning and through contract implementation. The procurement risk framework emphasizes the need to treat and manage risks after identification and highlights risk management as an ongoing activity.

Read more: Guide on Assessing Procurement Risks and Determining Project Procurement Classification.

Video: What is the Procurement Risk Framework?

Contents 

  • Introduction
  • Purpose
  • The Procurement Risk Framework
  • Risk Assessment and Treatment
  • Risk Management in the Procurement Cycle

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