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IF PRI Discussion Paper 01198 July 2012 Onset Risk and Draft Animal Investment in Nigeria Hirobumi Makeshift Development Strategy and Governance Division INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
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Onset risk and draft refers to the assessment and documentation of potential risks associated with the beginning stages of a project or initiative.
All project managers or individuals overseeing a new project are required to file onset risk and draft.
Onset risk and draft should be filled out by carefully evaluating and identifying potential risks that may arise at the onset of a project.
The purpose of onset risk and draft is to proactively identify and mitigate risks that could impact the success of a project at its early stages.
Information such as potential risks, their impact, likelihood, and planned mitigation strategies must be reported on onset risk and draft.
The deadline to file onset risk and draft in 2023 is typically set at the beginning of the project initiation phase, specific dates may vary depending on the organization.
The penalty for the late filing of onset risk and draft may result in delays in project approvals, increased project risks, and potential cost overruns.
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