Risk Identification- documents and
areas
The first step in the risk management process is risk identification. A variety of
methods can be used to identify risks, including brainstorming sessions with key
stakeholders; SWOT analysis (Strengths, Weaknesses, Opportunities, Threates);
Interviews, Inspections, Review of documentation.
Areas where risks may be found
• Finance
• Staff/students
• Research/ Education
• Estates / facilities
• Projects (meeting set targets)/ investments (meeting projections)
• Incoming supplies/provision of services (quality)
• Changes in Internal/ External environment
• Unexpected events (strikes, geopolitical unrest, environmental disasters etc)
• KPIs
• Strategic targets- impact on A2040 objectives
• Procedures
Which are the best methods for your department to identify risks?
Can you identify 3 risks for your department?