On the last page of this newsletter, we have provided you with a copy of our risk process. It is simple, effective and takes 60 to 90 minutes. To identify risks, we must first know what one is. When people begin performing risk management, they often start by listing known problems. Known problems are not risks.
Risks are potential problems.
During risk identification you might notice some known problems. If so, just move them to your current problems list. Then concentrate on future potential problems. Risk identification can be done using a 30-minute brainstorming session. Be sure to invite anyone who can help you think of risks.