Title

Impact of Risk Management in Local Government: An Examination of the Effectiveness of Risk Management in Minimizing Governmental Cost and Liability

Date of Award

6-2-2010

Document Type

Capstone Project

Disciplines

Organizational Leadership

Degree Name

Master of Professional Studies

Department

Leadership & Organizations

Advisor

Sam Conn

Keywords

Disaster Impact; Liability; Local Government; Risk Management

Abstract

In this capstone project the author utilized qualitative research to demonstrate that implementing specific risk management processes for local government organizations can reduce liability and cost, if correctly implemented. Common obstacles to local governments, such as budget constraints, staffing and executive buy-in of risk management processes were examined in the study. These obstacles often restrict local governments from implementing risk management programs, or using their current programs efficiently. Risk management planning generally involves the knowledge of an organization being properly insured, the ability to track accountability, the assessment and handling of natural disasters, and the management of costs associated with risk. The author provides useful results from the study to organizations involved in establishing or managing a risk management program.

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