Identifying Risks

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After completing the risk management plan it’s time to get to work identifying risks that can hinder the project’s success. Risk identification is the process of identifying the risks and then documenting how their presence can affect the project. Risk identification is an iterative process and can be completed by the project manager, the project team, a risk management team, and even SMEs. In some instances, stakeholders and even people outside of the project can complete additional waves of risk identification.

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