Financial Accountability and Management · 2014 · 69 citations · 22 references
ManagementPublic AdministrationRisk ManagementRisk AnalysisRisk AssessmentRisk CommunicationRisk ControlRisk GovernanceOrganizational Risk ManagementRiskRisk AccountabilityRisk Frameworks
Risk management in large public sector organisations is viewed both as a context‑dependent device and an abstract technique, and this study examines its formal adoption. The study examines how risk officers navigate complexity to meet expectations of diverse organisational actors and external stakeholders. The study finds that risk management serves as an accountability tool enhanced by disclosure to distant scrutiny, and its effectiveness relies on relational skills, business knowledge, and professional experience.
Abstract This paper examines the adoption of a formal risk management framework in a large public sector organisation. The paper shows the relevance of risk management as an accountability tool, extended by means of disclosure to the scrutiny of distant others. The paper also reveals how the use of risk management is dependent on relational skills, knowledge of business activities and professional experience. Risk management can be seen as both a context‐dependent device and as a technique abstracted from a context. The paper discusses how risk officers deal with this complexity, addressing the expectations of multiple organisational actors and external entities.
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