- External risk
In Contract Law
contract law, are risks that are produced by a non-human source and are beyond humancontrol. 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 disasterssuch as earthquakesand volcanoes.
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 strategyfrom senior managers, and the economy.
*Giddens, Anthony (1999). “Risk and Responsibility”. "Modern Law Journal", Vol. 62 No. 1, p. 4.
Act of God
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