RISK QUOTE: Everyone is a star and deserves a chance to shine.
—MARILYN MONROE, MOVIE STAR
RISK QUOTE: If you talk to a man in a language he understands,
that goes to his head. Ifyou talk to him in his language, that
goes to his heart.
—NELSON MANDELA, SOUTH AFRICAN STATESMAN
Risk identification is often the hardest part of any risk management effort. One aspect of risk identification involves coordination across the enterprise. If those seeking out risks do not consider relationships, they may miss major risks completely. Another aspect is responsibility; a central risk function is required to identify risk and share its findings with risk owners.
A number of organizations have developed risk categories. These are some examples: