The Country Risk Assessments are designed to provide a summarized overview of the current market context across a number of relevant dimensions and point out certain risks or important developments in a given country.
Country Risk Assessments use external indices and credit ratings to assess the current environment of a given country.
- Corruption Perception
- Democracy Index
- World Press Freedom
- Inequality-adjusted Human Development Index
- Environmental Performance Index
- Global Rights Index
- Credit Ratings
The Client Risk Assessment focuses on the Public Sector client that Bain wants to engage with and provides a broad overview of all the risks Bain could encounter when working with the respective client. In the assessment, we discuss the areas 'Nature of Client', 'Client Reputation' and 'Potential for Success'.
In order to gauge how strong public interest is for the client organization itself, its line of work or its overall governance, we assess the 'Nature of Client'. We identify potential PPIs/PEPs in the client organization that Bain may be working with and discuss the 'Client Reputation' of the overall entity and key individuals.
We also estimate the 'Potential for Success' by analyzing whether the client has a proven track record of transforming or implementing change successfully and by evaluating the overall experience that Bain has had with the client in previous projects.
The Opportunity Risk Assessment focuses on the individual project that Bain wants to work on with the client. It provides an overview of risks and problems that could arise before, during and after the work and includes possible actions to mitigate the risks.
As a final step, we assess the project at hand to understand what kind of work Bain would be doing and to identify possible areas of higher public interest or media scrutiny (e.g. headcount reduction) in addition to making sure that the scope of work is clear.
We evaluate the bidding and procurement process to identify any risks that could arise if for example the work was single-sourced or won through a Bain alumnus. In the assessment, we also make sure that we can rely on the capabilities of our client counterparts and that we can trust that our work will be used appropriately.
We ensure that we have the capacity to deliver and are aware of any risks associated with third parties. Furthermore, we analyze the worst-case risk exposure for the scenario that we cannot deliver appropriately or the client cannot transform as expected to assess whether this could have consequences that go beyond Bain's relationship with the client.
In case any risks are identified, we agree on adequate mitigation actions with the Risk Guardian of the project who will ensure that the actions are in place and followed throughout the work with the client.
An essential pre-requisite for opportunity risk assessments to take place is effective pipeline management, i.e. timely flagging of Public Sector or Public Interest opportunities in the pipeline prior to submitting a proposal.
All risk assessments are conducted with either the Global or the Local Risk Team prior to proposal submission and are documented in Bain's Online Risk Register.