The article is dedicated to an analysis of the implementation of strategic risk management in public governance in highly a conflicted society. The main goal of the article is finding grounds for the formation of a risk management model based on the assessment and selection of adequate tools that mitigate the potential negative effects and consequences of risks. The increased pace of change and the low efficiency of public governance require pursuing different approaches to determining development strategies, assessing regulatory impact, widening the scope of stakeholders involved in the decision-making process. Political solutions should receive theoretical and methodological justification as integral solutions related to coordinating various goals in the policy-making process. An in-depth study of efficient administrative and managerial mechanisms, competencies and public governance capabilities that themselves provide public consent and lower the level of conflicts makes it possible to form new communicative spaces in public policy. These spaces must ensure a proper correlation between state interests and public needs and demands, public order and the particular functional standards for creating efficient political strategies. They also must provide real scenarios by which the state my resist destabilizing, negative factors. In highly conflicted societies vital importance is given to such practises as forecasting and strategic planning in institutions public governance. The main purpose of this is to diagnose patterns and factors that lead to risks which result in various social changes. Possible development options may then be identified which may evolve into the most efficient means of solving problems based on urgent managerial decisions. This point of view makes it possible not only to form the fundamental foundations of policy making concerning prognosis, prevention and managing conflicts, and to reconcile private and state interests, but also to overcome the level of social and political uncertainty.