It will be cumbersome for the risk manager to clearly identify that where the risk lies. If the wrong risk has been iden

[answerhappygod]

It will be cumbersome for the risk manager to clearly identify that where the risk lies. If the wrong risk has been identified then all the practice of having the risk management process will be wasted. This is the challenge for the risk manager to extract out the useful and the best information from the available information and then shape the information in such a way, that it useful in identifying the risk. Risk manager should also make sure that the information he acquires is from a trusted source, wrong information will lead to a wrong risk management process
There are various techniques which are used to identify the risk, to decide which technique to use will depend upon certain questions.
Requirements:
If you are risk manager, what questions you will consider before defining of risk management objectives? Explain in detail.
It question of Risk management