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In addition to what mentioned above, there is an effective tool used to identify risks, it is Control Self Assessment (CSA).
Also environmental scanning and SWOT anaysis.
There are many tools and techniques for Risk identification, such as:
Documentation Reviews
Brainstorming
Delphi technique
Interviewing
Root cause analysis
Checklist analysis
Assumption analysis
Diagramming techniques
SWOT analysis
Expert judgment
-Meetings with stakeholders
- lessons learnt from previous projects
- Expert Judgment
1. Try and Catch
2. Regression test and performance tests
3. Data collection at micro level
4. Predictive analysis
5. graphs and charts
Risk analysis and management, primary and secondary research, through planning and evaluation, consultations, discussions, reviewing strategies before implementation. In order to identify risks within projects, activities, tasks etc... You have to ensure you have a clear understanding of the background/history of the task ahead. Study every aspect of it from different angles, think big and small even to the smallest details. Think of scenarios and evaluate them, think of possibilities or occurrences.
To see previous disaster k study of relevant project and also to get report of quality assurence depp,than u will able to tell about risk ratio