External Environment
This is the external environment in which the organization operates as well as its relationships with this environment. For example, this can include:
• The business, social, regulatory, cultural, competitive, financial and political environments of the organization
• The list of regulations that impact the organization and the associated requirements
• The strengths, weaknesses, opportunities and threats of the organization
• External stakeholders and their requirements
• Key performance indicators
Establishing the external context ensures that external org-units and their objectives and requirements are considered for the development of risk management policies.
To describe the external environment in which the organization operates, HOPEX Risk Mapper enables you to define:
• The list of regulations that impact the organization and the associated requirements, see
Regulation Frameworks,.