Hello, you have come here looking for the meaning of the word
external risk. In DICTIOUS you will not only get to know all the dictionary meanings for the word
external risk, but we will also tell you about its etymology, its characteristics and you will know how to say
external risk in singular and plural. Everything you need to know about the word
external risk you have here. The definition of the word
external risk will help you to be more precise and correct when speaking or writing your texts. Knowing the definition of
external risk, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Noun
external risk (countable and uncountable, plural external risks)
- (insurance) 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. Good examples of external risks are natural disasters such as earthquakes and volcanoes.
- (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.
References
- Giddens, Anthony (1999). “Risk and Responsibility”. Modern Law Journal, Vol. 62 No. 1, p. 4.