Site problems Risk Identification Risk Identification is discovering, defining, describing, documenting and communicating risks before they become problems and adversely affect a project. Accurate and complete risk identification is vital for effective risk management. In order to manage risks effectively, they must first be identified. The important aspect of risk identification is to capture as many risks as possible. Not all risks will be acted upon. Once more details are known about each risk, the decision will be made by the project members as to the handling of each risk. Purpose The intent of “risk identification” (section 3, DoD Risk Management Guide) is to answer the question “What can go wrong?” by: • Looking at current and proposed staffing, process, design, supplier, resources, dependencies, etc. • Monitoring test results especially test failures (readiness results and readiness problems for the         sustainment phase), • Reviewing potential shortfalls against expectations, and • Analyzing negative trends There are various techniques that can be used for risk identification. Useful techniques include brainstorming methods as well as systematic inspections and process analysis. Regardless of the technique used, it is essential to include key functional area personnel to ensure no risks go undiscovered.