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The explicit inclusion in the MOU of risk management as a standing item at Joint Committee meetings illustrates that management is sensitive to the importance of this control. However, although risk management was informally discussed, the lack of documentation weakens the record of discussions and decisions and the ability for the committees to demonstrate accountability. Moreover, the absence of information on decisions or actions to be taken could impede strategic planning. Ultimately, reduced emphasis on risk management at higher levels could jeopardize prioritization, funding or delivery of action items and affect the viability of the project, especially in the context of the existing partnership.
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