What methods do risk managers use to identify risks in a project?
Risk managers typically use techniques like brainstorming, interviews, and SWOT analysis to identify potential risks.
Can you explain what SWOT analysis is?
SWOT analysis is a strategic planning tool that helps identify Strengths, Weaknesses, Opportunities, and Threats related to a project.
How do they prioritize the identified risks?
Risks are often prioritized based on their likelihood of occurrence and potential impact, using a risk matrix.
What tools can assist in risk identification?
Tools like risk management software, checklists, and risk assessment frameworks can greatly assist in identifying risks.
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