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Once the brainstorming team has been established, all that’s needed is a couple of hours without interruptions and a flipchart with the following columns drawn on it:


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Risk


During the brainstorming session, it’s important to focus on identifying risks. That might sound obvious – this is a risk assessment after all! However, it’s easy to get sidetracked into thinking about issues rather than risks. There’s a subtle but important distinction here. An issue is something that exists already, perhaps a prevailing situation that gives rise to specific risks. For instance, poor morale in itself isn’t a risk, but it might give rise to the risk of key staff leaving or poor quality work. To ensure we stay focused on identifying risks, it can be useful to complete the sentence “there is a risk that…” or “there is a risk of...” for each of the risks put forward.


It’s also important to stress that we’re not looking for solutions at this stage, just the possible risks. And we don’t want to get bogged down in assessing likelihood and impacts or the relative importance of each at this stage – more on that later. When everyone is “brainstormed out” and has nothing more to add, that’s the end of the first part of the process.


CHAPTER 2 33


Likelihood Impact Rating


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