Project Management: Identifying Risks
By Luke Miller, Northwest University
Identifying and planning for risks should occur at the beginning of a project and be continuously revisited throughout the project. Risk is defined, as an event or condition that may or may not occur, if it does happen, the outcome will positively or negatively affects the project. There are several techniques to help identify risks.
One of the most widely used and effective ways to identify risk is through brainstorming sessions. A brainstorming team should consist of all major stakeholders on the project. There should be a facilitator that keeps the group moving and gives everyone involved an equal chance to be heard. The point of this exercise is to list as many potential risks as possible. Do not hold back, name risks big and small. There is no need analyze and worry about how likely or unlikely the risk during a brainstorming session. Read the Complete Article