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Glossary of Performance & Risk Management terms
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    « Risk financing | Main | Risk management »
    Sunday
    Dec072008

    Risk identification

    Process of finding, recognizing and describing risks.

    Note 1: Risk identification involves the identification of risk sources, events and their causes and their potential consequences.
    Note 2: The identification can involve historical data, theoretical analysis, informed and expert opinions, and the stakeholders' needs.

    Source : BS31100:2008 [ISO Guide 73, modified]

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