Singapore - Singapore - Review enterprise risk management framework & processes of Port Authority

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Consultant to review and recommend new risk parameters - Impact and risk likelihood for port authority

Details

Opportunity closing date
21 September 2016
Opportunity publication date
15 September 2016
Opportunity type
Private Sector and Public Sector
Industry
Business & Consumer Services, Maritime, Ports & Logistics, Financial and professional services
Enquiries received
6
Value of contract
to be confirmed
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Description

1. Consultant to review and recommend new set risk parameters (Risk Impact and Risk Likelihood) to analyse and categorise risks, based on Maritime Port Authority's (MPA) risk tolerance and appetite. The risk parameters shall be tailored to the MPA's strategic environment and priorities.

2. Review and validate current Enterprise Risk Management (ERM) framework and processes including the risk assessment, monitoring and reporting processes of the organisation;

3. Identify gaps and weaknesses as well as recommend areas of improvement, including necessary tools and templates;

4. Assess the insurable and non-insurable hazards and operational risks of the MPA functions and duties and also assess the adequancy and robustness of the existing insurance arrangement (i.e 10 policies against the risks identified); and

5. Provide recommendation to improve insurance coverage and or reduce the cost of insurance protection based on MPA's riks profile.

Opportunity closing date
21 September 2016
Value of contract
to be confirmed

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