Towards a holistic approach
Finn Kjaer Jensen | February 2007
It certainly is true that governments have practiced risk management, in a general sense of the term, for thousands of years. Ancient cities that built walls to keep out invaders were practicing an elementary (but sound) form of risk management. Indeed, risk management is a fundamental purpose of government – government is, to a considerable degree, risk management. Further, there are numerous activities in the public sector that can be characterized as risk management (immunization programs, defense policy), but which are entwined with other functions of government.

The Categories of Public Sector Risk Management
To better appreciate the historical process that has led to the present risk management environment, it is useful to first understand the general framework of risk management in the public sector.
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