NEOM ETSD Quarterly Report Q1 2024

KEY RISKS & CHALLENGES RISK

MITIGATION

Lack of access to highly competent and capable resources

Collaborating with StaffCo

ETSD's purpose is not universally understood across the NEOM ecosystem leading to resistance, poor collaboration, and non- compliance

ETSD is developing and implementing a communications strategy, including a roadshow across all NEOM Entities, to raise awareness of ETSD's role/purpose

Increase collaboration and trust with stakeholders to ensure constant alignment and faster turnaround times.

Lacking communication between Stakeholders and ETSD results in lack of visibility

Low quality submission and deliverables may delay the review process and the project progress.

Work with stakeholders to ensure they have proper planning and control measures that would minimize defects and deficiencies.

ETSD is working closely with relevant stakeholders to bridge those gaps, and drive synergy and alignment across all areas of project governance.

There exist misalignments and gaps between the various entities when it comes to procedures, data and applications.

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