What are the methods of risk identification?

The methods of risk identification include production process analysis, risk expert investigation and enumeration.

1, production process analysis method

Production process analysis method, also known as flow chart method. The production process, also known as technological process or processing flow, refers to the process of continuous processing through certain equipment from the input of raw materials to the output of finished products. This method emphasizes the investigation and analysis of each stage and link one by one according to different processes to find out the reasons for the existence of risks.

2, risk expert survey enumeration method

Risk managers list the risks that enterprises and units may face one by one and classify them according to different standards. Experts should cover as wide a range as possible and be representative. General classification criteria are: direct or indirect, financial or non-financial, political or economic, etc.

3. Analysis method of assets financial status

In other words, according to the financial data such as the balance sheet, income statement and property catalogue of the enterprise. Through actual investigation and study, risk managers analyze the financial situation of enterprises and find their potential risks.

4. Decomposition analysis method

Analysis method refers to the decomposition of a complex thing into several simpler things and a large system into specific components, from which the possible risks and potential loss threats are analyzed. Fault tree analysis is a graphic method to investigate all kinds of fault events or analyze the causes of all kinds of accidents before the loss occurs.

Specifically determine which errors are most likely to lead to the risk of loss. There are other ways to identify risks, such as environmental analysis, insurance investigation and accident analysis. Enterprises should use various methods interactively when identifying risks.