Abstract :

The research aims to understand the integrated risk management global adoption, especially ISO 31000 in Public Sector Organizations (PSOs). Through desk research and complemented with literature reviews taken from case studies in the G20 Countries, this study is expected to give a helicopter view about the global adoption speed of ISO 31000 as an international standard of risk management by PSOs across the world, and capture the sense of key issues and challenges related to the implementation. The findings contribute to the existing risk management implementation literature as well as a foresight for global risk leaders in PSOs to excel in their own respective risk management initiative either as a single initiative or as a part of their attempt to initiate change management. Since the sample has been purposively limited to G20 countries, consequently it does not reflect other critical factors of issues and challenges which have probably been experienced by non-G20 countries.

---

Keywords :

Risk Management; Public Sector Organizations; ISO 31000; Risk Leaders; Change Management

---

References :

1. Australian National Audit Office. (2017). The Management of Risk by Public Sector Entities (Issue 6).
2. Choo, B. S., Goh, J. C., Choo, B. S., Goh, J. C., Management, I., Song, L., & Management, I. (2015). Pragmatic Adaption of the ISO 31000:2009 ERM Framework in a High-tech Organizations.
3. Deloitte Touche Tohmatsu. (2018). Risk Management Challenges for Japanese Financial Services in. https://www2.deloitte.com/content/dam/Deloitte/jp/Documents/risk/rr/jp-rr-seven-challenges-en.pdf
4. International Monetary Fund. (2014). Government Finance Statistics Manual 2014. In Government Finance Statistics Manual 2014. https://doi.org/10.5089/9781475592634.069
5. IPSOs MORI. (2010). What Do People Want, Need And Expect From Public Services?
6. ISO TC 262 Committee. (2017). Risk Management and ISO 31000 in the Russian Federation.
7. James, O. (2011). Managing citizens’ expectations of public service performance: Evidence from observation and experimentation in local government. Public Administration, 89(4), 1419–1435. https://doi.org/10.1111/j.1467-9299.2011.01962.x

8. Kim, E. S. (2014). How did enterprise risk management first appear in the Korean public sector? Journal of Risk Research, 17(2), 263–279. https://doi.org/10.1080/13669877.2013.808685
9. Mahsyar, A. (2011). Problems of Public Services in Indonesia in the Perspective of Public Administration. Otoritas : Jurnal Ilmu Pemerintahan, 1(2), 81–90. https://doi.org/10.26618/ojip.v1i2.22
10. Martua, J., & Rahmat. (2017). The Role of Government Bureaucracy as Public Service Provider. Hukum Dan Dinamika Kemasyarakatan, 18(15).
11. (2015). Cyber Security in China: Internet Security, Protectionism and Competitiveness: New Challenges to Western Businesses. https://www.merics.org/sites/default/files/2017-09/China_Monitor_22_Cybersecurity_EN.pdf
12. Ministry of Finance. (2016). Ministry of Finance Perormance Buletin 2016.
13. Moloi, T. (2016). Decoding risk management practices in the South African Public Service : a focus on national government departments. African Journal of Business and Economic Research, 11(1), 17–43.
14. Organisation for Economic Co-operation and Development. (2013). Risk Management and Corporate Governance. In Risk Management and Corporate Governance. https://doi.org/10.4337/9781849807999
15. Priest, S. J., Suykens, C., van Rijswick, H. F. M. W., Schellenberger, T., Goytia, S., Kundzewicz, Z. W., van Doorn-Hoekveld, W. J., Beyers, J. C., & Homewood, S. (2016). The European union approach to flood risk management and improving societal resilience: Lessons from the implementation of the Floods Directive in six European countries. Ecology and Society, 21(4). https://doi.org/10.5751/ES-08913-210450
16. Roy, S. (2018). Risk Management in India (Issue February). https://www.researchgate.net/profile/Sunando_Roy/publication/305442409_Risk_Management_in_India/links/5a89e787a6fdcc6b1a424f7f/Risk-Management-in-India.pdf?origin=publication_detail%0A

17. RSA Security. (2019). DIGITAL RISK IS MISSION RISK IT MODERNIZATION TRENDS.
18. The Wall Street Journal. (2012). China’s Biggest Problems Are Political , Not Economic. https://www.nber.org/feldstein/wsj08022012.pdf%0A

19. Tokaç, H., & Williams, M. (2013). Government Debt Management and Operational Risk. 33(50), 44.
20. United Nations. (2019). World Public Sector Report 2019. In Department of Economic and Social Affairs.
21. Wakhid, A. A. (2017). Reform of Public Services in Indonesia. Jurnal TAPIs, 01(14), 53–59.
22. World Bank. (2019). World Gross Domestic Product 2018 (Issue July). https://datacatalog.worldbank.org/dataset/world-development-indicator.