Paper is divided into six chapters. The introductory part of the paper defines the problem, purpose and objective analysis, and will present current research in the field of risk management systems. It will describe the sources and methods of data collection, and display the content and structure of the paper. The second chapter will discussed relationship between risk management and business decision-making. Special attention will be focused on the purpose and objective of risk management in business decisions through management that is based on the perception of risk (Risk Based Performance Management) and the presentation and explanation of risk maps. The third chapter defines the risk, process types and classification of risk, methods of risk measurement and risk management instruments and explains how is possible to control the risks. The fourth chapter deals with risk management strategy, the nature of risk management, points to the importance of identifying potential risks and provides suggestions for effective risk management. The fifth chapter is devoted to the analysis of risk management systems in Croatian companies. Based on primary data obtained by empirical research in which participated Croatian firms, from the sample, identify the risks recognize by the Company in Croatia. Then it is shown how Croatian firms evaluate risk and how risk is measured and monitored. At the end it is discussed of the management role in risk management process and it is given conclusion to entire analysis. From the research we can conclude that awareness of the importance and benefits of systematic monitoring, control and risk management in enterprises exist in Croatia, but in practice the system of risk management is rarely fully implemented. Managers are aware of the importance of systematic risk management and they are trying to include in their strategic decisions.