When performing the Risk Identification stage of the Risk Management Process, you will want to identify as many risks as possible. This project risk identification process typically takes inputs from the project or program steering group as well as all the different projects reporting to the program.
If you’re at the start of your project or program, holding a workshop to brainstorm risks is a great way to get the initial list of risks together before you being your project risk analysis. Do this as a team project to get everyone involved. The sooner you’ve identified the project risks facing the project or program the sooner you can start to do something about them. Using a checklist in the workshop can be a handy way to ensure you and your team are considering all the typical sources of risk. Below is the checklist which I like to use to identify risks to go on the project risk resister:
This is the list I use at the start of the program to get the initial list of project risks together as input to project risk analysis. It serves as a handy way to kick start reducing project risk. If you can think of any others then email me at [email protected]. I’d be really interested to receive some more questions to add to this list which is really a best practice for successful project management.
I recommend you amend the checklist to create your own. The projects and programs you manage in your organization will have their own particular types of risks, so as you move from project to project your risk checklist will grow, and you will be able to identify the majority of project risks being faced more quickly at the start of the project.
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