The Risk Identification List comprises of which two fields?

In project management, risks are identified and assessed based on their probability of occurrence and the impact they would have on the project if they were to occur. The Risk Identification List is a tool used to capture and document potential risks during the risk management process. It is essential for the project team to understand both the likelihood of a risk happening (Probability) and the potential effect on project objectives (Impact) to prioritize risks and plan appropriate risk responses.

References: The information is aligned with the Project Management Institute’s (PMI) standards and practices as outlined in the PMBOK® Guide and the Professional in Project Management (PPM) materials. However, for the most accurate and detailed explanation, it is recommended to refer directly to the latest edition of the PMBOK® Guide or the PPM study materials provided by the Global Association for Quality Management (GAQM).