Risk Identification:- A project manager needs to compile a list
of risks from previous experiences so that they can find out the
common risks. There are many methods that can be used to identify
risk related to the project.
Categorization and group duplication:- Project manager should
categorize the risks as per their level. Identification should be
on the basis of their duplicacy.
Qualify Risk:- Project manager needs to assign probability to
qualify the risks.