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

Daniela Solovastru (Ivan) -”Gheorghe Asachi” Technical University of Iasi, Faculty of Management and Industrial Design, Engineer-ing and Management, Iași, România
lon Verzea – Gheorghe Asachi” Technical University of Iasi, Romania

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 ter- ritorial 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.

10th International Scientific Conference ERAZ 2024 – Conference Proceedings: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT,  hybrid – online, virtually and in person, Lisbon, Portugal, June 6, 2024

ERAZ Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Logistics, University of Maribor, Maribor (Slovenia); University of National and World Economy – UNWE, Sofia (Bulgaria); Center for Political Research and Documentation (KEPET), Research Laboratory of the Department of Political Science of University of Crete (Greece); Institute of Public Finance – Zagreb (Croatia); Faculty of Tourism and Hospitality Ohrid, University of St. Kliment Ohridski from Bitola (North Macedonia)

ERAZ Conference 2024 Conference Proceedings: ISBN 978-86-80194-86-8, ISSN 2683-5568,

DOI: https://doi.org/10.31410/ERAZ.2024

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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