What common mistake is often made early in the risk identification process?

Focusing on consequences instead of events is a common mistake in the early stages of the risk identification process because it can lead to a misunderstanding of the underlying factors that could cause risks to occur. In project management, risks are often identified by analyzing potential events that could impact the project. If the focus is shifted solely to the consequences of these risks, the identification process may overlook the initial events that trigger the risks.

Understanding events allows project managers to develop effective strategies to mitigate or avoid potential threats before they impact the project. By concentrating on events, stakeholders can engage in a proactive approach to risk management, establishing preventive measures rather than merely responding to the effects of risks after they have occurred. This early identification of risks is crucial for the overall success of a project, as it sets the foundation for effective planning and response strategies.