58 Performance Revi ew 02 Sect ion Ranhi ll Ut i l i t i es Berhad RBSB RISKS / THREATS MITIGATION PLANS / MEASURES Loss of high-performing, technically competent talent Competitive remuneration packages, benchmarked against industry standards, provision of training opportunities, development of the talent pipeline to secure replacements and emphasis on succession planning for critical positions. Significant outlay for software and technological acquisition Development of internal ROI models over the short, medium and long-term horizons, leverage on JV partnerships to attain access to technology, knowledge and capabilities. Expansion into new sectors and job scopes External recruitment of experienced and capable talent, adopting outsourcing strategies or JV partnerships to shorten learning curve. RW RISKS / THREATS MITIGATION PLANS / MEASURES Project risks RW runs comprehensive risk-based models on all projects to ascertain risks and risk levels. These include identifying special risks and addressing risks of non-favourable contract terms, negative cash flow, client’s reputation, country risk profiles, etc. Delays in collections Budget is estimated at early of the year for development, capex and OPEX. Development is identify using appraisal assessment and job requirements identified by each departmental head. Engineering Services SECTOR MANAGEMENT DI SCUSS ION & ANALYS I S
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