Brainstorming as a risk identification method

Abstract

Brainstorming has a broad range of applications with one of them being as a risk identification technique. Risk identification in a project, program or portfolio lays the foundation of the risk analysis. It is therefore very important to identify as many possible risks as possible to end up with a complete analysis. The goal of brainstorming in risk identification is to gain a thorough list of risks. To gain a comprehensive list of risks it is important to involve the right stakeholders in the brainstorm. This would normally be the project team itself with aid of external experts, who have relevant insight. [1] A facilitator, who ensures the brainstorm is performed correctly and motivates all participants to engage in the brainstorm, should lead the brainstorm. The facilitator can pick different brainstorming techniques depending on other risk identification methods chosen, the number of participants and time available. The brainstorm should produce a broad range of more or less unorganized ideas for risks depending on the brainstorming technique. The ideas need to be categorized, grouped and connected to be useful for the further risk analysis. This can be done either as a part of the brainstorming session or by the facilitator. In the following article brainstorming as a risk identification method will be discussed. The article will provide information on how to use brainstorming and how to modify the brainstorm so it suits the needs of the individual risk management process.

References

1. Project Management Institute, Project Management: A guide to the Project Management Body of Knowledge, (2013)