What are some well-established risk identification techniques?

Workshops, internal audits, research, questionnaires, and surveys are indeed well-established risk identification techniques widely used in risk management. These methods facilitate the systematic identification of potential risks within an organization or project.

Workshops enable collaboration among team members and stakeholders to discuss potential risks through brainstorming sessions, leveraging the diverse perspectives and experiences of participants. Internal audits help in assessing current operations and controls, uncovering any vulnerabilities or areas that may pose risks. Research involves gathering information on historical data, industry trends, and best practices to understand risks better. Questionnaires and surveys can be effective tools for collecting insights from employees or stakeholders regarding perceived risks, allowing organizations to tap into the collective knowledge of their workforce.

Other options, while relevant to different aspects of business operations, do not serve as primary techniques for risk identification. Market analysis and product development focus more on strategic planning and consumer engagement but do not directly identify risks. Financial forecasting and budgeting pertain to financial management rather than actively pinpointing risks. Employee performance reviews evaluate individual contributions but do not systematically address broader organizational risks. Thus, the comprehensive set of techniques provided in the correct choice is essential for effective risk identification in risk management practices.