There are five essential steps to a good risk identification…

There are five essential steps to a good risk identification process:1. Identify the trigger event.2. Identify the hazard or opportunity for uncertain gain.3. Identify the specific harm or harms that could result from the hazard or opportunity for uncertain gain.4. Specify the sequence of events that is necessary for the hazard or opportunity for uncertain gain to result in the identified harm(s).5. Identify the most significant uncertainties in the preceding steps.