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Risk is always with us. Identifying and understand the risk your organisation faces is key to managing and mitigating that risk.
Ask yourself the following questions;
1) What could or might go wrong?
2) What is the probability of each risk happening?
3) What is the probable effect if the event occurred?
4) What is the overall risk?
5) What level are you comfortable with?
6) What control measures are currently in place?
7) How do we monitor the risk?
8) Who is responsible for overseeing this?
9) What else could we do to lower this risk?
10) Who else is involved in managing this risk?

If you are unsure how comprehensive your answeres are I would be happy to talk them through with you.