Risk Management FAQ

What are uncontrollable threats?

United States
Uncontrollable threats are the type that can not be mitigated within the context of the impacted strategy. For example, Company A has developed a strategy of using new technology to improve the efficiency of maintaining product inventories. An identified uncontrollable threat is the bankruptcy or otherwise unavailability of the consultants who are helping to install and customize the new warehouse tracking software. Company A cannot reasonably alter their strategy to control or mitigate this threat. They can, however, take steps to alter their strategy if this threat appears to be increasing in likelihood.