Activity
A.1 Definition of external environment
IT Definition of Scope and Framework - ERM
Description
Description
This step includes the specification of the external environment in which the organization operates and the definition of the relationship between this environment and the organization itself. The external environment typically includes the local market, the business, competitive, financial and political environment, the law and regulatory environment, social and cultural conditions, as well as external stakeholders.
It is also very important that both the perceptions and values of the various stakeholders and any externally generated threats and/or opportunities are properly evaluated and taken into consideration.

Organisation
Responsible
Accountable
Input/Output
Input data
D1 Market infos
D4 Environment infos
D5 External stakeholder infos
D2 Financial & political infos
D3 Relevant legal infos