IMPLEMENTATION OF RISK MANAGEMENT IN THE COMMUNITY PUBLIC WATER SUPPLY SERVICES IN ROMANIA

Vasile Emil Stefan, Andreea-Mariana Manta, Carmen Ciocoiu, Bogdan Stefan Stoica and Cristian Marcu
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Vasile Emil Stefan: Bucharest University of Economic Studies, Romania
Andreea-Mariana Manta: Bucharest University of Economic Studies, Romania
Bogdan Stefan Stoica: Bucharest University of Economic Studies, Romania
Cristian Marcu: Bucharest University of Economic Studies, Romania

APPLIED RESEARCH IN ADMINISTRATIVE SCIENCES, 2021, vol. 2, issue 1, 34-45

Abstract: The article explores the practice of risk management in the field of public utility services. The purpose of the present research is to identify the present situation related to risk management practiced in the field of community water supply and sewerage services in Romania and to highlight the future prospects of improving it. The first part of the article describes the considerable importance of the sector of public utility services. In addition, the special features of this sector of activity are pointed out and the need to practice effective risk management is explained. In the second part, there is a brief presentation of the Romanian situation connected to the practice of risk management in the case of public water supply and sewerage services and the hypothesis from which the research was conducted. The research methods are represented by documentary analysis of the official and scientific data in the studied field and by applying a questionnaire to validate the initial hypothesis and to determinate the future possibilities of updating the practice of risk management in the public water services. The originality of this article consists of identifying the drivers and barriers for risk management, and also the tools for risk assesment and treatment in public water services from Romania by survey of the operators in the field.

Keywords: community public water supply; risk management implementation; challenges; drivers; risk management tools (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:rom:arasju:v:2:y:2021:i:1:p:34-45

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