ABSTRACT
A risk is a potential event that can threaten plans, expectations or even life itself. Devastating natural disasters, terrorist attacks and similar risks are often unpredictable and unavoidable, yet disaster contingency planning can often do much to mitigate their consequences and assist in recovery. Risk management is one of the most important, yet most difficult, areas of project management. Project managers, too, can learn from previous risk events in their own organizations and, from those experiences, develop risk management processes so that they can remain completely in control. Many aspects of project management rely on tackling problems in a logical sequence to arrive at a practicable solution. A well-facilitated brainstorming session will encourage free and untrammelled connection-making. It will enable the identification of risks, important and trivial, close and remote, and of high and miniscule probability. Structured walkthroughs arguably offer the most valuable collective approach to risk identification.
