This process is identifying and documenting known risks that could affect the project. Documenting these risks, it allows project teams to anticipate and avoid potential pitfalls.
This process is critical and probably the most important in the risk management process. It requires extensive experience as well as calling upon lessons learned to identify all potential risks. In my work organization, the same issues usually arise, however there are always new, unforeseen risks that have an impact in some way.
Identify Risks: Inputs, Tools and Techniques, and Outputs. Reprinted from "A Guide to the Project Management Body of Knowledge (PMBOK Guide) 5th ed" by Project Management Institute, 2013, p.319. Copyright 2013 by PMI.Inc. Reprinted without permission.
1. Risk Management Plan (Input): This was a portion of a risk management plan explaining the procedures of the plan. This artifact sheds light on how this process can be used as a valuable input for identifying risks.
2. Checklist analysis (Tools and Technique) This was an explanation of a risk checklist template that was used in an assignment for PMGT 613.
3. Risk Register (Output): This is an example of a risk register, the primary output of the Identifying Risk process. This was taken from the group project from PMGT 613.