Which analysis technique involves examining past incidents to identify potential risks?

The technique that involves examining past incidents to identify potential risks is historical analysis. This method focuses on reviewing and analyzing previous events and outcomes to understand patterns, trends, and potential vulnerabilities. By reflecting on what has transpired in the past, organizations can better foresee similar events, assess their likelihood, and develop strategies to mitigate those risks in the future. Historical analysis is especially valuable because it relies on real data and experiences, allowing for more informed decision-making regarding risk management.

SWOT analysis, while useful for identifying strengths, weaknesses, opportunities, and threats within an organization, does not specifically focus on analyzing past incidents. Cost-benefit analysis evaluates the financial implications of different options without directly addressing risk identification from historical events. Scenario analysis involves creating hypothetical situations to predict potential outcomes but does not rely on past incidents as its primary source of information.