Risk Identification Techniques
Finding Potential Risks
Organizations use various techniques to identify events that could affect objectives. Effective identification combines historical information with forward-looking analysis.
- Brainstorming sessions.
- Interviews with stakeholders.
- Risk workshops.
- Process mapping.
- SWOT analysis.
- Review of historical incidents.
- Industry benchmarking.
Tip
Include employees from multiple departments to identify risks that might otherwise be overlooked.
Summary
Comprehensive risk identification forms the foundation of effective enterprise risk management.