Overview.
Country risk refers to a country’s inherent risks that may affect its businesses and result in losses to multinational business organizations. These evolving risk factors are extremely important to monitor overtime for organizations that wish to conduct international business. Since most international organizations conduct business in the form of a global project, it is critical that an effective global project manager understand how to effectively conduct a country risk assessment (CRA).
An effective CRA will assess at the country’s business risk by looking at factors like the following risk factors:
• Political,
• Economic,
• Geographical features,
• Technology advancement,
• Workforce competencies,
• Safety & stability.
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