Risk Management, 5th Edition

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Brainstorming

Brainstorming is a classic technique for extracting information. Although it may not be the most efficient tool or the most thorough technique, its familiarity and broad acceptance make it the tool of choice for many risk analysts. And while it may be viewed as a generic tool, the fact that most participants are aware of the process and the tool’s nuances make it desirable in a variety of risk management settings. Since risk is a future phenomenon and everyone has the ability to intuit some aspect of the future, brainstorming as an ideation tool is a logical application.

Brainstorming can be used in a variety of risk management practices, including efforts to identify risks, establish qualification schemes, clarify quantification ...