XXX Institution Individual risk dashboard Quarter ended: 30 June 2008

Individual risk dashboard Description of risk Risk owner Background to risk Underspending of the budget Chief Financial Officer Currently 50% of budget spent Will lead to future external under funding History of under spending
Actual spend as a % of budgeted quarterly spend

Key risk indicator Actual quarterly spend as a % of budgeted quarterly spend

Insignificant Impact Rare Likelihood Minimum Inherent risk exposure Very good Control effectiveness Minimum Residual risk exposure Current key controls Monthly variance reporting Cash flow projections Monthly management meetings Approved CAPEX and operational budgets Implemented performance management system

Minor

Moderate

Major X Likely X High X Weak

Critical
% spend

100
80

Unlikely

Moderate

Common

60

40
20 0 Sep-07 Dec-07 Mar-08 Jun-08

Low

Medium

Maximum

Good X Low

Satisfactory

Unsatisfactory Quarter Sep-07 Dec-07 Mar-08 Jun-08

Quarter

Medium

High X Control owner

Maximum

Chief Financial Officer Chief Financial Officer Chief Financial Officer Chief Financial Officer Chief Financial Officer Actions owner Chief Financial Officer

Date of last assurance 31/03/2008 31/03/2008 31/03/2008 31/03/2008 31/03/2008 Timeline and status 01 September 2008

No. 33 67 93 80

current info is an example - need actual info required from Risk Owner

Actions to improve controls Implement a follow up process for any under spending and report on the reasons for under spending

Links to - Strategic objectives - Risk Categories

1 Financial stability

How to use: 1.) Copy the information of the identified risk, from the risk register, into the individual risk dashboard. This would entail completing all fields as indicated above. 2). Complete the date of last assurance and enure that it is aligned to the assuranc plan of the institution. 3.) Develop a specific key risk indicator to identify trends/movements of the indetified risk. This will ensure that suprises etc. are eliminated timeously. The key risk indicator should utilise the same intervals as the risk reporting frequency of the institution. 4.) All fields must be updated on an ongoing basis as required by the risk reporting process of the institution.

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