Risk Identification A more disciplined process involves using checklists of potential risks and evaluating the likelihood that those events might happen to the project. Some companies and industries develop risk checklists (also called Risk Registers) based on experience from past projects. These checklists can be helpful to the project manager and project team in identifying specific risks on the checklist and expanding the team's thinking. The past experience of the project team, project experience within the company, and experts in the industry can be valuable resources for identifying potential risks on a project. Identifying the sources of risk by category is another method for exploring potential risks in a project. Some examples of categories for potential risks include the following: Technical Cost Schedule Client Contractual Weather Financial Political Environmental