Handling potential threats is not only a way to minimize losses within the project, but also a way to transfer risks into opportunities, which can lead to economical profitability, environmental and other advantages (Winch, 2006).
The purpose of identifying risks is to obtain a list with potential risks to be managed in a project (PMI, 2004). In order to find all potential risks which might impact a specific project, different techniques can be applied. It is important to use a method that the project team is most familiar with and the project will benefit from. The aim is to highlight the
potential problems, in order for the project team to be aware of them.