Identify Risks: It is the process through which the project team identifies/ determines
which potential risks may affect a project’s objectives including scope, time, cost, quality. Participants in risk identification activities should include the project team members, and may also include other SMEs from outside the project team.
Tools & Techniques to identify risks include document analysis, brainstorming, root cause analysis, cause & effect techniques, and others.
The major output of this process is a Risk Register, which is a document that outlines identified project risks, progressively elaborated as
the project progresses.
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Output:
Risk Register: The Risk Register provides a list of all identified risks on the project,
what the possible reactions to this risk are, what the root causes are, and what categories the risks fall into.