Strategic Risk Management in the Policy-making Process

Abstract

The paper is dedicated to the analysis of risk management as an essential tool supporting the policy-making process. Evidently policy-making takes place in conditions of uncertainty, flux, unpredictability, and variation. It means that the analysis of policy design and implementation requires clear understanding of a multi-agent political system affected by various internal and external risks. The policy-making approach and the underlying policy process need instruments that help to estimate and control risks, preventing their potential turning into destructive dangers for the political, economic, and social environments. So, strategic risk management plays a significant role in the decision-making process and cannot be ignored for deeper understanding of policy development aimed at avoiding common political disruptions, accelerating the development of political structure, and, most importantly, establishing consensus between state authorities and society.

Presenters

Daria Maltseva
Managerial executive of educational program ''Political Science", associate professor, Saint Petersburg State University, Russian Federation

Details

Presentation Type

Paper Presentation in a Themed Session

Theme

Civic and Political Studies

KEYWORDS

"Risk Management", " Public Policy", " Governance"

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