The project risks include a series of risk events that may affect the achievement of the project objective. They can be divided into internal risks or external risks. The former refers to the risks within the control of the project team, such as position appointment or removal, cost estimation, and so on; while the latter refers to the risk beyond the control of the project team, such as marketing transfer or government behaviors, and so on.
In the case of an external risk, the Project Manager should upgrade the risk promptly, and should request senior personnel (sponsor and / or Project Steering Committee) for assistance to find the solutions for high-risk events.
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