Posts Tagged ‘risk’
The 4 Most Common Risk Mitigation Strategies
Estimated reading time: 5 minutes Project risk management is defined as the process of identifying, analyzing and then responding to any risk that arises over the life cycle of a project to help the project remain on track and meet its goal. Managing project risks is a process that includes risk identification and assessment,…
Read MoreRise of Procurement Fraud in Southeast Asia And How to Prevent It
Estimated reading time: 4 minutes In recent years, procurement fraud, also known as contract fraud, is becoming more commonplace across Southeast Asia. With the region’s predicted GDP to be US$4 trillion by 2022, it is going to become the fifth-largest economy worldwide. This puts the ASEAN market in the international spotlight, further highlighting…
Read MoreBilling Fraud and How to Spot them
Estimated reading time: 3 minutes Combating procurement fraud is vital due to the disastrous impacts’ procurement fraud brings. In Southeast Asia, procurement fraud costs US$140billion each year. Nearly all organisations will have been victims of procurement fraud and the consequences can be much greater than the value of the fraud. The most common types of…
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