What process involves identifying risks using techniques such as brainstorming and checklists?

The process that involves identifying risks through techniques like brainstorming and checklists is risk identification. This phase is crucial as it allows teams to recognize potential issues that could impact the project, ensuring they are aware of possible obstacles before they arise.

During risk identification, various techniques are employed to gather a comprehensive list of risks. Brainstorming sessions encourage team members to contribute ideas freely, often leading to the discovery of risks that may not have been considered individually. Checklists provide a structured way to ensure commonly known risks are not overlooked and can be tailored to the specific context of the project.

Following this phase, there are additional steps in the risk management process, such as risk analysis and risk assessment, which further evaluate the risks identified, but the core objective of the identification phase is solely to recognize and document potential risks. This foundation is essential for effective risk management throughout the project lifecycle.