1.
Complete the table to explain three different tools and techniques that may be used to identify risk. The
first row has been completed as an example for you to follow.
Technique/tool
Description
Brainstorming
A group discussion to produce as many ideas as possible or
solutions to problems in a pre-determined amount of time.
SWOT matrix
Generally used for strategic planning in companies and for new
projects, the SWOT (Strengths, Weaknesses, Opportunities and
Threats) matrix can be a valuable tool for identifying risks from a
new perspective
Root Cause Analysis
The tools commonly used for
root cause analysis
can be very
useful for risk identification as well. We can cite as examples:
FMEA
(Failure Mode and Effect Analysis)
Cause and effect diagram (Ishikawa or fishbone)
Pareto charts
5 WHYs
Delphi method
The Delphi method consists of gathering information in an
anonymous and structured manner, usually through
questionnaires, managed by a facilitator responsible for compiling
the ideas (risks) identified by the experts
