The Development of a New Model of Risk Management in Territorial Administrative Units
The Development of a New Model of Risk Management in Territorial Administrative Units

Author(s): Daniela Solovastru (Ivan), Ion Verzea
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Risk management model; Public administration; Territorial administrative units; Risk management
Summary/Abstract: The risk management model represents a decision-making process to identify, control and minimize the consequences of extraordinary incidents through various management techniques that vary according to the specifics of the entity. Public sector organizations are currently facing unprecedented challenges in how to tackle complex issues such as poverty, global warming, tax fraud, and global security. Combining the poor functioning of the public administration with the effects generated by the manifestation of risk, there is a need to develop a predictive management process to reduce the risk and increase the chances of performance. The objective of this paper is to develop a risk management model in order to improve the public system and increase the efficiency and performance of the factors that increase citizens’ trust in the public administration. The result of the research activity consists, both in the identification, adaptation and development of a new risk management model, as well as in its fictitious application and testing during the normal development of the activities of territorial administrative units. The developed model helps the organization by streamlining the procedures to be followed, determining a strong impact on the level of absorption of European funding, including the increase in the standard of living.

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