ABSTRACT:- This study was focused on assessing risk management in the public sector, Cross River State, Nigeria. The study adopted a descriptive survey approach and a questionnaire as instruments for data collection using a five-point Likert scale. A calculation of sample size using the Tarro Yamane method. Out of 205 copies of the questionnaire distributed to the respondents, only 179 were filled and returned, while the remaining 26 were not returned and used for analysis. The research hypothesis was tested and analyzed using the Pearson correlation method. The findings confirmed that there exists a significant positive correlation between adequate risk assessment and ethical standards of large-scale infrastructure. The study recommends that organizations should regularly train their employees and key stakeholders in the latest regulatory changes and risk management best practices to keep the workforce informed and prepared to identify and respond to risks and compliance requirements. Firms are advised to implement tools and software that provide real-time monitoring, predictive analytics, and automated compliance reporting.

Keywords: Risk Management Strategies; Public Procurement; Risk Assessment, Ethical Standard, Institutional Theory