English to Russian Bus/Financial International Org/Dev/Coop South-East Finland – Ru

3.4. Risk analysis
The programme has made an analysis of potential risks. The process started with identification of
risks.
The following risk types were identified:
1. Risks related to competence. These risks can arise either from
• the personnel of the programme or
• the beneficiaries
2. Risks related to information and mainly because of IT.
3. Risks related to contracts. These risks arise from
• the quality of work of the beneficiaries, MA and BO
• the decision-making and evaluation process by experts, JSC and JMC
• the implementation, delay of measures and achieved milestones,
unforeseen external hinders
4. Risks related to environment
• external; political situation
• internal; project selection and its consequences
5. Risks related to crime
• opportunity to gain financial benefit
• fraud
• damage and tort