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Risk Management theory: the integrated perspective and its application in the public sector
Revista Estado Gobierno y Gestión Pública
This article aims to discuss in a normative way, the foundations of the theory of risk management, showing its evolution and reviewing the main best practices. As consequence, after a quick description of the current environment into which public and private organizations currently struggle, we proceed to develop a clear definition of risk. We introduce then, the fundamental aspects of risk management and the practices prescribe in the literature. Moreover, we describe the fundamental elementsdoi:10.5354/0717-6759.2013.29402 fatcat:ymhch6jskzboxfqgqvbiu2fjw4