Describe the term Risk Identification

Question

Briefly describe the term Risk Identification and also state its features?

Answer 1

The Risk Identification sets out to recognize an organization’s exposure to the uncertainty. This needs a deep knowledge of the organization, the market in which it functions, the legal, social and cultural environment in which it exists and also the progress of a sound understanding of its strategic and operational objectives, comprising factors critical to its success and the threats and opportunities associated to the achievement of such objectives.