Fraud risk management

Understanding Risk vs. Risk Sources: A Game Changer for Effective Risk Management

MOHANNA ELJABALY September 21, 2024

Understanding the critical difference between risks and risk sources can be a game changer in effective risk management. By identifying and focusing on actual risks rather than confusing them with risk sources, organizations can create a clean, actionable risk register. In this post, I break down how these two concepts differ and how getting them right can streamline your decision-making and mitigation strategies.

Are NGOs Risk-Averse, Risk-Takers, or Risk-Neutral?

MOHANNA ELJABALY July 14, 2024

In the ever-changing world of humanitarian aid, managing risks effectively is crucial for project success. This realization led me to explore Monte Carlo simulation as a powerful tool for improving project planning, especially for WASH (Water, Sanitation, and Hygiene) projects. This approach offers valuable insights and benefits for donors, NGOs, and the communities we serve.

Embracing Monte Carlo Simulation for WASH Projects: Enhancing Risk Management

MOHANNA ELJABALY June 24, 2024

Lessons Learned from Failed Humanitarian Projects: Importance of Risk Management Training and Tools

MOHANNA ELJABALY September 15, 2023

In the unpredictable world of humanitarian crises, proficient risk management is pivotal. Those working in such environments encounter diverse challenges, from political upheaval to resource constraints. Effective risk management training and tools are paramount for these professionals. An example from 2018 illustrates the cost of overlooking this: a food aid convoy in South Sudan, without proper risk assessment, was intercepted and robbed. Conversely, organizations equipped with risk tools, as seen post the 2010 Haiti earthquake, showcased better coordination and swifter aid delivery. To truly make an impact in crisis-stricken zones, humanitarian initiatives must prioritize and constantly refine their risk management strategies.

Chaotic and stormy environment is not an easy way out!

MOHANNA ELJABALY September 15, 2023

In tumultuous environments, many advocate for ad-hoc management, valuing its perceived flexibility. However, history suggests a different approach. Harnessing lessons from the past, promoting inter-departmental cohesion, and setting clear objectives can be instrumental. After all, understanding history and strategy today allows organizations to navigate unpredictability and proclaim their version of “checkmate” tomorrow.

Shall NGOs have Risk Management Policy?

MOHANNA ELJABALY September 15, 2021

Non-profit organizations, especially those in emergency contexts, grapple with multiple risk areas simultaneously, necessitating an agile response. While many NGOs may already be managing risks unknowingly, the question arises: should they formalize it with a Risk Management Policy? This article delves into the benefits of having a dedicated policy, advocating for an integrated risk management approach. A well-structured policy not only aligns with the NGO’s strategic goals and clarifies risk appetites but also fosters a culture of openness and ethical behavior. Such a policy becomes a beacon for internal and external stakeholders, underscoring the NGO’s commitment to risk management.