Risk Identification
Risk identification means determining which risks might affect the project, and it also means documenting those risks. The outputs of risk identification are a documented list of risks, warning signs (also called symptoms or trigger dates) for those risks, and enough information about the risks to conduct any necessary re-planning.

How Do I Get Started with Risk Identification?
The project plan is a good place to start. Look at the objectives: are they clear and have all stakeholders agreed in writing that they constitute the total scope of deliverables? Look at the resource plan: do you have the number of people you need, with the right skills, at the times you need them? Do they work well together? Look at the schedule: is it realistic, given the resources and skills required or other constraining factors. And the budget? Do you have sufficient funding or has funding been cut without a reduction of scope? Do you have time and/or cost reserves for risk? Review the technologies involved: are they fully developed and proven, are they available, do the project team members and other stakeholders have experience with them?