Methods of Defining Risk

There are many ways to discover and identify risks, several of which are discussed here. Brainstorming remains the most tradi­tional and practical method for "kicking off" this process, although other approaches can also be used in special circumstances:

• Brainstorming

• Delphi technique

• Nominal group technique

• Crawford slip

• Expert interviews

• Root cause identification

• Checklists

• Documentation reviews

• Strengths, weaknesses, opportunities, and threats (SWOT) analysis

• Analogy