D5.8 Project Risk and Ethics Guide

PIISA project partners operate in an area of uncertainty that comes along with developing and improving observations for piloting innovative insurance solutions for adaptation to deliver scientific findings. By doing so they take chances, which results in risks playing a role in a significant part of the project. The purpose of the risk and ethics management plan is to establish the framework in which the project team identifies risks and develops strategies to mitigate or avoid those risks. Similarly, ethical issues related to the project implementation are identified and monitored. Risk and ethics management will occur across all project levels and the project partners will adopt a uniform and systematic approach to identify and evaluate risk and ethics; define and plan proactive and efficient actions for risk reduction; start, perform and control planned mitigation activities; document the progress of risk and ethics management activities and evaluate results to implement corrections where needed. Towards the status report for mid-term of the project, the Project Management team (WP5) identified and compiled the various risks in the Risk Register. To ensure that monitoring is continuous throughout the life of the project, the Risk Register will be updated by the Project Risk Manager and discussed with the consortium at least on half yearly. Similarly, the ethics related issues will be monitored throughout the project on a regular basis. The project administration and the coordinator, with data manager and project manager have been and will be involved in developing the risk monitoring process and updating the Risk Register at the ECAS system.