RISK IDENTIFICATION
• Risk identification is a process that involves finding, recognizing, and describing the risks that could affect the achievement of an organization’s objectives. • It is used to identify possible sources of risk in addition to the events and circumstances that could affect the achievement of objectives. • It also includes the identification of possible causes and potential consequences. • The organization can use historical data, theoretical analysis, informed opinions, expert advice, and stakeholder input to identify the organization’s risks.
Made with FlippingBook - Share PDF online