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What is an external risk? - Project Management Questions
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What is an external risk?

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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 5 years ago by anonymous

1 Answer

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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 5 years ago by sdcapmp (45,840 points)

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