external risk

external risk

English

Noun

external risk (countable and uncountable, plural external risks)

  1. (insurance) A peril or event that arises from outside the policyholder's control and typically cannot be prevented by their actions, such as natural disasters or pandemics.
  2. (project management) Any uncertain event or condition that originates outside the project or organization, such as changes in government legislation, changes in strategy from senior managers, or changes in the economy.

References

  • Giddens, Anthony (1999). “Risk and Responsibility”. Modern Law Journal, Vol. 62 No. 1, p. 4.
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