External Factors That Affect A Project

As for external factors one of the external factors would be perhaps a new law that is given and affects directly or indirectly the business and that business needs to make some changes.

The external environment of an organization represents factors outside the company that affect the company's ability to function. The business cannot control these aspects but can answer to these changes if it needed. Of course the main problem for business managers is to manage to respond early to these changes in the external environment, but this depends on how soon any change is identified. Most of external environmental factors for example, economic conditions, are reported daily in the media; managers have a wealth of information with the help of which they can develop strategic plans. Nevertheless, some external factors are difficult to identify, especially when they are changing very slowly or hidden from

A business does not operate in a vacuum.It has to act and react to what happens outside the factory. These factors that happened outside the business are known as external factors or influences.

Internal and External factors affect the four functions of management in several ways. A way that affect the external factor would be to encourage spending and making sure websites are readable and that buttons are operable and viewers have easy access without a large amount of difficult and straits. This can drive away business. The driving forces or environmental or forces, internal driving forces are inside the business and external forces are outside the business. Things that affect internal forces are machinery, equipment, computers capacity, culture, management systems, financial systems, employees moral. External factor are things outside the business things that affect this force is the

The forces that drive changes in an organization are classified as internal and external forces. Internal forces of an organization pertains to events, factors, people, systems, structures, and conditions inside the organization that are generally under the control of the company such as the mission statement, organizational culture, and style of leadership. On the other hand, external forces are those factors that occur outside of the company, which could result to a change inside the organizations and most of the time beyond the control of the company such as customers, competition, the economy, technology, political and social conditions, and resources (Hartzell, 2017).

The external environment affects a firm’s strategic actions. Essentially, if a company decision has created a disaster in the environment, they

Reactive and proactive changes for external and internal factors can have a major impact on a business. Using the PEST acronym, there are four main factors that can influence the business:

Scientific complex projects have option of success or fail due to a number of circumstances. The main controversial issue in the project management is determining the success or failure factors. Although projects have built in to be successful there are some risks can’t be avoided and that may lead at the end to failure in the near or far future (Montequin, 2014).

External factors are outside influences that can impact a business. Various external factors can impact the ability of a business or investment to achieve its strategic goals and objectives. These external factors might include competition; social, legal and technological changes, and the economic and political environment

Political factors relate to way in which changes in the government and government policies can influence the business.

Through my extensive government experience, I have developed the capability of identify and evaluate external and internal factors that may impact departmental operations. An example of my ability to think strategically during times of change is when the local government area I was employed with amalgamated with 3 other local government areas.

* Any identifiable obstacles and risks (threats) that might prevent the successful attainment of the project goals must be considered. Each risk must be analyzed, quantified, and prioritized as much as possible with the information available at this stage of a new project. Risk responses, including mitigations, risk sharing, risk avoidance, and risk tolerances should be described in this portion of the project proposal.

Many project managers focus so intensely on the effort and events around creation of the deliverables that they had forgotten about the other elements associated in making the project a success. Technical risk may lead to possible impact that could have occur in a project when an implementation does not work as wanted. Risks can be in terms of major and minor effects on projects. Technical risks can be a big problem if it is not handled properly. The NASA did not handled risks effectively where it may blow up any time. The night before the space shuttle was launched, a contractor and five engineers had informed managers to hold the activity as the engineers discovered the O ring rubber seals, a vital component of the shuttle had failed a few times in sealing from bad weathers. If the technical risks are not taken into consideration, it would provide sufficient impact towards the overall process that may even lead to death and injuries as similar to the Space Shuttle incident in year 1986.

The purpose of this paper is to analyze the culture, the internal, and the external factors in an organization. Our job is to examine the entirety of the organization. That would include the structural and environmental elements that effect the operation of the business. We will also take an in depth look at the perspectives of employees, managers, owners, and clientele.

Risk Identification – in this phase we determine which risks might affect the project and document them