This paper describes in a comparative manner the current stage of the development of the ministries’ risk management systems, considering the demands and orientations given by the Joint Normative Instruction MP/CGU n. 01/2016 and the Public Governance Decree (Decree n. 9,203/2017, altered by Decree n. 9,901/2019). With the intention of identifying how each ministry has been managing the risks that aim at ensuring the strengthening of their own governance structures and that public policies goals will be met, we formulated indicators that allow cases to be compared, based on the recommendations of national and international standards of governance and risk management. According to the mixed method research techniques, the data collected was analyzed quantitatively and qualitatively, and transversely compared. The results show that risk management in a ministerial context is still incipient, due to the fragile institutionalization associated with political-administrative instability.