Jerry was in the midst of assessing risk for his project at a well-known real estate firm, when the stock market collapsed that sent shockwaves through his company and his project. The market crashing can be classified as what type of risk:

Question

Quizplus · Accepted Answer

Factors affecting the stock market would be considered external risk factors to this and most other companies.
Internal risk factors allude to those factors relating directly to the project within the company such as staffing, resources, etc. Technical risk factors refer to those having to do with technology. Since the stock market crashing was not foreseeable, this wouldn't be a possible answer.
Key Take Away: Because Project Managers cannot possible prepare for all unforeseen risks (just by virtue of their nature), it's imperative that they prepare for as many scenarios as possible to leave as little room as possible for procedural gaps.

Jerry Was in the Midst of Assessing Risk for His