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The conceptual Risk Management Model — A case study of Varazdin County

Risk Management has become a very important issue in the corporate management in recent years. Similarly, Public Sector recognized the importance of Risk Management but the implementation of Risk Management principles in Croatia is mainly focused on financial aspects with subsequent checks. This paper presents the Conceptual Enterprise Risk Management Model developed in Varazdin County, using the Method engineering principles. The Method engineering approach used in this model describes the steps and methods which have to be taken, the precise order and time in the Risk Management Process in public sector. Developed Conceptual Enterprise Risk Management Model has been tested on the Project “Development of broadband infrastructure in the areas of Varazdin County without sufficient commercial interest for investment”.