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This paper aims to induce which risk identification technique is the best one for a certain type of project or a certain stage through a project life cycle by comparing and contrasting diverse risk identification techniques and thereby project managers can reduce risks and allocate risks to the best matched parties effectively.
1.To define project and project management, and explain why project management is required;
2.To define risk and risk management, and introduce the importance of risk management;
3.To illustrate risk management processes and the essentiality of risk identification;
4.To define project life cycle and state the different characteristics of each stage;
5.To define, compare and contrast different risk identification techniques;
6.To conclude the best suitable risk identification technique for each specific stage of project life cycle and each particular type of project.
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