The Risk Communication and Policy Making step of the risk management training module will introduce you to the key steps and approaches to monitor and evaluate the adopted risk management options.
Monitoring and evaluation are integral parts of the risk management decision-making process. However, in most developing countries, it is often the weakest link in the whole risk management process.
Risk management is only as good as its weakest link – every step from risk characterization to monitoring and evaluation is important.
Objectives and Expected Outcomes
Objective: To evaluate the progress and impact of the risk management options and determine whether adaptive action is required.
Suggested outcomes: An evaluation of the risk management effectiveness as measured against the baseline situation and in light of the risk reduction goal. Also determine whether the current options should be continued, and if not, recommendations for adaptations. Any results from monitoring and evaluation should be communicated to stakeholders as part of a public accountability process.
References: Adapted from Monitoring & Evaluation – some Tools, Methods & Approaches, Operations Evaluation Department (pdf file) - World Bank, 2004
Adapted from Monitoring & Evaluation – some Tools, Methods & Approaches, Operations Evaluation Department (pdf file) - World Bank, 2004