Require expanded risk matrixes for all innovative projects. Considerable time, effort, and emphasis must be placed on the development and monitoring of the risk matrix for innovative projects. This applies particularly to risk identification and potential risk mitigation strategies. A range of alternative strategies should be developed in detail for every identified risk. The risk matrix and mitigation strategies for innovative projects should be discussed extensively by ADB and the government to ensure a common understanding and commitment. The risk matrix should be a major focus of ADB-government discussions in project review missions during implementation, and should be updated at least annually through a formal process such as a memorandum of understanding. DEMP implementation would have benefited significantly from a sharper focus on emerging risks, development of appropriate strategies to address these risks as they emerged, and a strong joint commitment to implementation of these strategies.
Distance Education Modernization Project