(Answered) : Distinguish between risk management in the public and private sectors

Distinguish between risk management in the public and private sectors

Expert Answer

Risk management in public sector has some specified securities and the government will also be involving in clearing off the risk . But in private sectors the risk management will be the solo responsibility of the management. In public sector as the organisation willbe under government the risks occuring will be minimum whereas in private sector there will be support. Hence risk management is more easy in public sector when compared to private sector.