Determine risk sources and categories.
Identification of risk sources provides a basis for systematically examining changing situations over time to uncover circumstances that impact the ability of the project to meet its objectives. Risk sources are both internal and
external to the project. As the project progresses, additional sources of risk may be identified. Establishing categories for risks provides a mechanism for collecting and organizing risks as well as ensuring appropriate scrutiny and management
attention for those risks that can have more serious consequences on meeting project objectives.
Typical Work Products
1. Risk source lists (external and internal)