The UNDP ERM System is a framework for the staff and partners to identify, analyze, monitor and report on existing and emerging risks. For this purpose risk register is developed as a template within UNDP that will ensure compatibility across various interventions, possibility for escalation and de-escalation of risks, and overview of the risk profile of each intervention (i.e. project, programme, or business process).
With the purpose to facilitate the flow of risk information, the UNDP ERM System includes the hierarchy of Risk Registers: Project Risk Register, Programme Risk Register, Unit/Bureau Risk Register, and Corporate Risk Register. Table 3 provides the template for UNDP Risk Register.
The project Risk Register reflects risks the project is facing. The programme Risk Register reflects significant project-level risks determined to be relevant for the programme, cross-cutting programmatic risks, and those related to unit-level operations (HR, procurement, security, etc.). The Unit/Regional Bureaux Risk Register reflects programme-level risks related to the specifics of programming or specifics of operational support for the programme realization. The corporate Risk Register reflects programme/unit-level risks determined to be critical for the organization and other risks that cut across the organization.