External environment of risk managemet process/project Analyse the external environment of your risk management process/project. Note: You may choose to perform any external environmental analysis (e.g. PESTLE analysis) to answer this question instead of the questions below. What is the political situation like (e.g. unrest, government support of small business, government policies)? What is the current and predicted economic situation (e.g. state of local and other applicable economies, interest rates, exchange rates, employment rates etc.)? Are there any social considerations (e.g. changing values, beliefs, attitudes and habits)? How are technological advances affecting the business (e.g. internet, RPA, risk control)? What are competitors doing?

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