external risk
"External risk" refers to potential threats originating outside an organization or system, often beyond its control.
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Definition
B2Business
(general)A potential threat from outside factors that can impact a company's operations or goals.
Example
- Economic downturns are a common external risk that businesses must prepare for.
- Changes in government regulations can pose significant external risks to companies.
C1Insurance
(technical)Risks caused by non-human sources, often unpredictable but statistically measurable, such as natural disasters.
Example
- Insurance policies often cover external risks like earthquakes and floods.
B2Project Management
(technical)Risks outside the control of the project manager, such as legislative changes or economic shifts.
Example
- The project faced several external risks, including new government policies.
Similar
Terms that have similar or relatively close meanings to "external risk":