Project risks

identifying causes, risks, and effects

Risk identification is perhaps the most crucial part of the risk process, yet often fails to distinguish between causes of risks, genuine risks, and the effects of risks.Each of these three elements is considered in turn in this article, and a structured risk meta-language approach is proposed in order to provide a framework for thinking about the identification of risks. Summarized, the risk meta-language formulates the description of a risk as follows: As a result of ,may occur, which would lead to . The use of risk meta-language can be helpful in focusing attention on genuine risks, identifying underlying causes, and clarifying impacts during the risk identification process.
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