Risk scenario development is a process that involves identifying and describing the potential risk events that can affect an organization’s objectives and operations. Risk scenario development requires the input and participation of various stakeholders, such as the management, the staff, the customers, the suppliers, the regulators, and the competitors. The primary benefit of stakeholder involvement in risk scenario development is that it increases the awareness of emerging business threats, meaning that it helps to identify and anticipate the new or changingsources and impacts of risk that may not be captured by theexisting risk assessment methods or tools. Stakeholder involvement can also help to improve the quality and completeness of the risk scenarios, as well as to enhance the communication and collaborationamong the stakeholders regarding the risk management process. References = Risk and Information Systems Control Study Manual, Chapter 2, Section 2.2.1.1, p. 66-67