In Contract Law
In contract law
, are risks that are produced by a non-human source and are beyond human
control. They are unexpected but happen regularly enough in a general population to be broadly predictable, and may be the subject of casualty insurance
Good examples of external risks are natural disasters
such as earthquakes
In Project Management
In project management; Risks that are external to the project and the project manager can not control.
Good examples of external risks are changes in government legislation
, changes in strategy
from senior managers, and the economy
- Giddens, Anthony (1999). “Risk and Responsibility”. Modern Law Journal, Vol. 62 No. 1, p. 4.