Culture and Capacities

 

UNDP recognizes that mindsets and behaviors of individuals and groups inside the organization play a crucial role in the effective execution of ERM. A mature risk management culture is characterized by the following:  

• Risk-informed decision making at all levels, including flexibility for adaptive management and course correction.
  
  
• Responsible risk-taking and innovation is rewarded.
  
  
• ‘Failures’ are acknowledged and recognized as part of the learning curve, particularly while operating in complex contexts.
  
  
• Continuous learning for strengthened risk management capacities.
  
  
• Key stakeholders are involved in all stages of the risk management process.
  
  
• Absence of approaching risk management purely as a compliance issue.
  
  
• Open communication on all risk management issues and lessons learned and a culture of “working out loud.”
  
  
• Effective risk escalation when needed.
  
  
• Adequate budget allocations for risk management at all levels.
  
  
• UNDP personnel are enabled to ‘stay and deliver’ at an acceptable level of security risk.