Volume 18, No. 6, 2021

Overview Of Risk Management Planning In Public Services In Sultanate Of Oman

Salim bin Hamad Al-Habsi , M. Ramaswamy and Asif Mahbub Karim


Risk can be characterized as the opportunity of misfortune or a negative result related to an activity. Vulnerability does not have the foggiest idea of what will occur later on; the more critical the exposure, the more prominent the risk. For public services, hazard the board includes improving expected returns subject to question and risk resistance risks. Public area makers settle on choices in an unsafe climate consistently. The outcomes of their options are, for the most part, not known when the choices are made. Moreover, the result might be preferable or more regrettable than anticipated. The two circumstances that most concern public area makers are: 1) is there a high likelihood of unfriendly outcomes, and 2) would those negative results fundamentally upset the business?

Pages: 4236-4240

Keywords: Risk Management, risk factors; Risk Management cycle and Public Risk Management

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