Page 53 - AERC Strategic Plan 2 July2020
P. 53
THE AERC 2020–2025 STRATEGIC PLAN
Risk Rating Residual
Category Inherent Risk Mitigation
(H/M/L) Risk (H/M/L)
Brand/ Failure to effectively High • Implementation of the Medium
reputation manage the image and communications strategy.
risks reputation of AERC for • Stakeholder management, public
stakeholders. relations strategy, communication
policy, and media engagement.
• Quality assurance of AERC’s research
and training outputs.
Business Failure to undertake the High • Evaluate the core mandate that Medium
continuity appropriate advance defines the main existence of AERC,
risk planning related to critical which should be strategically
processes to ensure the protected for its posterity in the
ability to recover and event of any of the following three
maintain operations in scenarios: extreme (e.g. half the
the event of a disruption resources are gone); moderate (one-
(economic and political third resources gone); and normal.
instability or cyber • Enhance operational efficiency in
security risk). implementation of all programmatic
activities.
• Move Secretariat offices to another
country temporarily in the event of
political instability and civil unrest.
Financial and Uncertainty of forex High • Budget provision for exchange losses Medium
exchange risk markets: AERC receives and adjusting the income to reflect
a significant amount of the changing exchange rate.
its income from non-US • Negotiate with funders to cover
denominated currencies exchange losses.
and fluctuations in
exchange rates can affect • Maintain multi-currency bank
accounts.
the level of activities.
Cyber Risks that are related to High • Staff security awareness and Medium
security breaches in the security training.
of interconnected IT • Backup and disaster recovery
systems. systems.
• Intrusion detection and prevention
systems.
• Cyber security and resilience plan.
• Integrated security orchestration
and automated response system.
• Managed security operations centre
services.
High Unbalanced regional High • Sensitization efforts in under- Medium
concentration representation in AERC represented countries.
of AERC activities. • Specialized technical training
activities and research mentorships for
in specific underrepresented countries and
countries groups.
• Master’s and PhD Bridging
Programme.
• Country-specific capacity building
programmes.
• Targeted fundraising for
underrepresented countries and
groups.
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