One IT firm, considering a new product that was going through development, went through the identification phase and came up with 120 risk events.
These included any features of the product not being to customers' liking to the problems with the process, such as not recognizing risks early enough and not controlling the specification as the project progressed.
The team felt that the list of risk event was too big to manage and decided to not to proceed further and dismantle the team.
Do you agree with this approach? If you are hired as a consultant, what would have been your approach?