How to identify risks? - SilverBulletRisk - Deepstash
How to identify risks? - SilverBulletRisk

How to identify risks? - SilverBulletRisk

Curated from:

Ideas, facts & insights covering these topics:

5 ideas


725 reads

Explore the World's Best Ideas

Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.

Risk register

Risk register

Before you start risk management, it is important to identify the risks the company is exposed to.
Establish a catalogue of risks or a"risk register"


248 reads

Definition of a risk

A risk can be defined as an effect of uncertainty on the objective. It is a different outcome from what you expected and can address, create or result in opportunities and threats.

  • Risk is not an expected adverse development. If you expect the outcome, it is not a risk.
  • Risk is not a difficulty or a challenge if you are already aware that the situation exists now.


121 reads

Risk terminology

  • Threat – the source of the risk event that causes uncertainty.
  • Risk exposures – the amount that theoretically is at risk if the threat becomes a reality.
  • Risk – the collection of threats/causes and exposures that are treated and managed as a single whole.
  • Risk levels – risk level indicates how serious the risk is.


137 reads

When identifying risk

Identifying as many risks as possible often leads to not being able to manage it all properly.

  • First, identify the risks with the largest potential loss or financial impact. Then collect smaller risks together that can be managed as a group. Smaller risks have minor financial consequences.
  • Risk should not ‘overlap.’ It could lead to the wrong results.
  • Avoid too vague risks.
  • Lack of imagination. Major disasters are the unimaginable ones that have never happened before. You can always dismiss it later if rigorous analyses show that the risk is unrealistic.


93 reads

Risk identification techniques

One method is to ask the people with knowledge about the functioning of the organization, what could go wrong. It can be done using brainstorming, questionnaires, self-reporting etc. 

The second class of methods are more analytical and engineering methods. These methods are used to find hidden critical failure points that were missed at first. 


126 reads



Don't be a boss, be a leader.

Michelle A.'s ideas are part of this journey:

Learning A Foreign Language

Learn more about problemsolving with this collection

How to practice effectively

The importance of consistency

How to immerse yourself in the language

Related collections

Similar ideas

How Risk Analysis Works

3 ideas

How Risk Analysis Works

Crisis Management Definition

3 ideas

Read & Learn

20x Faster





Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.


I agree to receive email updates