Establishing the Context
By establishing the context, the programme sets its objectives, defines the external and internal parameters to be taken into account when managing risk, and sets the scope and criteria for the remaining risk management process. In Global Fund programmes managed by UNDP, the objectives are already defined in the funding request, hence the focus of this step is to define external and internal parameters that may influence risk management. Examples of external parameters include: number and nature of project partners; relationship with key stakeholders; presence of other donors (which may provide opportunities for complementary work or greater collaboration to avoid duplication); broader political and regulatory framework the project is operating in, etc. Examples of internal context parameters include: roles and accountability within the organization, organizational culture, and resources and knowledge.