Which process involves identifying risks using techniques such as brainstorming and checklists?

The process that involves identifying risks through various techniques such as brainstorming and checklists is known as risk identification. This phase is crucial in the overall risk management process as it aims to uncover potential risks that could affect a project or product. During risk identification, techniques like brainstorming encourage team members to generate a wide array of potential risks, drawing on collective experience and knowledge. Checklists serve as a guideline to ensure that no typical risk factors are overlooked, helping to provide a comprehensive view of risks.

In risk management, while identification is a key component, it also encompasses other activities like risk assessment, analysis, and response planning, which aren't solely focused on the identification phase. Risk assessment refers to the processes of analyzing risks after they have been identified, and risk analysis digs deeper into the nature and potential impact of the identified risks, establishing their severity or likelihood.