Final answer:
Risk identification focuses on elements directly related to the project such as customers, subcontractors, and vendors, while competitors are not typically included in this direct process.
Step-by-step explanation:
The process of risk identification typically involves several steps, such as gathering information from customers and other stakeholders, finding expert information through various sources, and doing a root cause analysis to pinpoint underlying issues.
Among the options provided, competitors are not usually included in the risk identification process directly. While competitive actions can indirectly impact project risks, the direct identification process typically focuses on elements such as customers, subcontractors, and vendors which may pose a risk to the project through their interactions or contractual obligations.