STELLA BACHTIS: Once we understand the context

and have clarity on our objectives,

we can then move to the next stage of the risk management
process, being risk identification.
Identifying potential risks within a project
can be time consuming, since it involves you
as the project or risk manager engaging and communicating
with your team and stakeholders to do your best to anticipate
a range of potential risks.
Key questions you will need to consider in the risk
identification stage of the process are...
What approach will you take to identify risks
to your objectives?
What risk categorisation approach
will you use to help identify potential risks?
and...
Considering the identified risks,
what might the possible cause and effect of these
be on your objectives?
Clear and methodical risk identification
lays the foundation for a proper analysis and assessment of risk
and developing an appropriate risk response.
Let's now take a closer look at identifying and categorising
risks.