Page 34 - EBOOK RISK MANAGEMENT

3.4.6 Interviews

Interviews is an important tools in evaluate potential project risks. This technique will

also help make the project's risk identification process easier and more accurate.

An interview is conducted with project participants, stakeholders, experts, etc to
identify risks.

3.4.7 Analysis of Financial Statements

Financial statements can be used as one of risk identification tools. Risk manager
may analyse the risks and loss exposure through companies balance sheet and

income statement since it shows cues on revenues or if there is any business

interruption occurs.

Figure 3.11 Analysis and Financial Statements

“The essence of risk management lies in maximizing the areas
where we have some control over the outcome while minimizing
the areas where we have absolutely no control over the
outcome.”

- Peter L. Bernstein -

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