The following EEFs are external to the organization:  

  • Marketplace conditions.

  •  Examples include competitors, market share brand recognition, and trademarks.  

  • Social and cultural influences and issues.

  •  Examples include political climate, codes of conduct, ethics, and perceptions.  

  • Legal restrictions.

  •  Examples include country or local laws and regulations related to security, data protection, business conduct, employment, and procurement.  

  • Commercial databases.

  •  Examples include benchmarking results, standardized cost estimating data, industry risk study information, and risk databases.  

  • Academic research.

  •  Examples include industry studies, publications, and benchmarking results.  

  • Government or industry standards.

  •  Examples include regulatory agency regulations and standards related to products, production, environment, quality, and workmanship. 

  • Financial considerations.

  •  Examples include currency exchange rates, interest rates, inflation rates, tariffs, and geographic location.  

  • Physical environmental elements.

  •  Examples include working conditions, weather, and constraints.