RISK MANAGEMENT IN PALESTINIAN INSTITUTIONS

Khalil Sulaiman

doi:10.32560/rk.2019.2.15

Abstract

The increase in the number of risks during the last decades triggers governments to search for the best ways to avert or mitigate these risks. Palestinian Government is working in an unpredictable environment that rafts with risks and uncertainty due to the political instability and restrictions of occupation. Although there are many risks that may face Palestinian institutions, this study focuses on two main interconnected ones. These two are the cut-off or decrease of the subsidies from international donors and the non-transfer of clearance revenues to the Palestinian National Authority by the Israeli Government. The likelihood of occurrence of these two risks and their impacts on the performance of the Palestinian institutions is pretty high. This study recommends a set of measures to decrease the effect of these two risks.

Highlights

The human concern for risk management is not a new one
The likelihood of occurrence of these two risks is pretty high as they are linked to political conditions and they practiced before, as though the Palestinian Government should prepare a risk management plan to respond to these risks in case they happen to become real
The Palestinian Government works in an unpredictable and unstable environment which increases the probabilities of risks

Summary

Introduction

The human concern for risk management is not a new one. people have used multiple means to mitigate and confront risks. Organised and structured studies have begun to analyse risks after the US spacecraft accident (Apollo) in January 1967, where three astronauts died in the fire. Prior to this incident, NASA had relied on the experience of practicing engineers to ensure quality and control. Risk management makes stakeholders more confident that the organisation will achieve its desired outcomes, while minimising threats and their effects to acceptable levels, and maximising the chance of exploiting opportunities [2]. To increase the level of awareness of information on risk management; 2. To identify the opportunities of risk management in the following two cases: This study aims to achieve the following purposes: 1. to increase the level of awareness of information on risk management; 2. to identify the opportunities of risk management in the following two cases:

Objectives

Findings

Discussion

Conclusion