Welcome to Project Management Questions!

You can ask any question on Project Management and you can rest assured that real Project Managers will answer your shortly!

What is an external risk?

0
votes
In project risk management, what is an external risk? How is it identified and analyzed by the project manager? Since there is an external risk, then do we also have an internal risk (if yes then what are the differences between the two)?

PS: Please give an example of an external risk in your answer.
asked 6 years ago by anonymous

1 Answer

0
votes
External risks are external to your business and/or project.  An example of an external risk is legislation which may change how the project needs to be conducted (e.g. budget is cut).

Internal risks are internal to your project (e.g. failure to adequately test, failure to have an adequate design).
answered 6 years ago by sdcapmp (45,840 points)

Related questions

0
votes
1
answer
0
votes
1
answer
asked 6 years ago by anonymous
+1
vote
1
answer
asked 6 years ago by anonymous
0
votes
1
answer
© 2010 - 2012 Project Management Questions - All Rights Reserved