Risk Assessment Template

Importance of Risk Assessment One of the over-riding goals of the uniform guidance is to reduce waste, fraud and abuse. To this end, federal agencies and pass-through entities must implement new processes that would assess the risk of applicants before making award decisions (§200.206). The higher the applicant risk, the greater the likelihood of waste, fraud and abuse once a proposal is awarded. High risk observed during pre-award, therefore, would adversely impact award decisions. During post-award implementation, risk would be reviewed and re-assessed after progress reports and audits. A risk assessment matrix, therefore, is an important tool to help ensure sound award… Read More