In the process of Identifying Risks, we discussed the importance of coming up with a clear description of the risk event which will not leave any room for interpretation. We cautioned that one or two words only should never be used. Clear risk descriptions will help us manage the right risks, at the appropriate level. In this exercise, I have lined up a few trick methods (including the one we saw in class TEI) used in the Industry to come up with risk event descriptions. Using any or all of these if you wish, you will need to come up with proper descriptions for four (4) negative risks (threats) events and one (1) positive risk (opportunity) event. [Event that has an effect on objectives] caused by [cause/s] resulting in [consequence/s]. An alternative two statement version is: [Event that has an effect on objectives] caused by [cause/s]. This may result in [consequence/s]