Brainstorming
The goal of brainstorming is to obtain a comprehensive list
of project risks. Risks are then identified and categorized by type of risk and
their definitions are sharpened.
Delphi Technique
A facilitator uses a technique to solicit ideas about the
important project risks. The responses are summarized and then re-circulated to
the experts for further comment.
Interviewing
Interviewing experienced project participants, stakeholders,
and subject matter experts can identify risks.
Root Cause Identification
This is an enquiry to the essential causes of a project’s
risks. Effective risk responses can be developed if the root cause of the risk
is addressed.
SWOT Analysis (Strength, Weakness, Opportunities and
Threats Analysis)
This technique ensures examination of the project from each
of the SWOT perspectives to increase the breadth of considered risks.
Checklist Analysis
Risk Identification checklists can be developed based on
historical information and knowledge that has been accumulated from previous
similar projects and from other sources of information.
Assumption Analysis
Assumption analysis is a tool that explores the validity of
assumptions as they apply to the project. It identifies risks to the project
from inaccuracy, inconsistency or incompleteness assumptions.
Diagrammatic Techniques used are the following.
System or Process Flow charts shows how various elements of
a system interrelate and the mechanism of causation.
Influence Diagrams are graphical representations of
situations showing casual influences, time ordering of events and other
relationships among variables and outcomes.
Cause and Effect Diagrams also known as Ishikawa or fishbone
diagrams are useful for identifying causes of risks.