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Project risk refers to an uncertain event or condition that, if it occurs, can have a positive or negative effect on a project’s objectives such as scope, schedule, cost, quality, resources, or stakeholder satisfaction. In project management, risk is characterized by uncertainty and the potential impact on project outcomes. Effective risk management seeks not only to minimize threats but also to exploit opportunities that may benefit the project. Risk identification is a critical step in project management because unidentified risks cannot be analyzed or controlled. Several techniques are used to identify project risks. Brainstorming is one of the most common techniques. Project team members, stakeholders, and experts meet to generate a comprehensive list of possible risks. The open discussion encourages diverse perspectives and often reveals risks that may otherwise be overlooked. Delphi Technique involves obtaining opinions from a panel of experts anonymously through multiple rounds of questionnaires. After each round, responses are summarized and shared with the group until a consensus is reached. This technique reduces the influence of dominant individuals and helps identify complex risks. Interviews are conducted with project managers, technical _________ _________ ________ _________ _______ ______ ___ ____.
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