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Techniques for Risk Identification

List and describe two techniques for risk identification, such as brainstorming, a Work Breakdown Structure (WBS), or a scenario analysis. What are advantages and disadvantages of each technique? How might these be suited for technical or construction projects?

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One technique for risk identification is brainstorming, which is a technique of simply trying to ascertain all of the possible risks that could arise in a given situation. This includes ascertaining the statistical probability of each risk arising, as well as the amount of damage that can be caused by each risk. An advantage of this technique is that ...