What is the main outcome of the 'Identify Risks' process?

The primary outcome of the 'Identify Risks' process is to develop a comprehensive list of potential project risks. This involves systematically evaluating what could go wrong in a project and documenting those risks. By identifying risks early, project managers and teams can create a foundation for future risk analysis and response planning.

This written list serves as a crucial tool in helping teams understand the uncertainty surrounding their project, enabling them to prioritize risks based on their impact and likelihood. Once the risks are identified, they can be assessed and addressed in subsequent processes, but the initial focus is solely on recognizing and cataloging potential issues that could arise throughout the project's lifecycle. This approach ensures that the project team is prepared to take proactive measures to mitigate those risks effectively.