In violent contexts, intervenors face dangers and are sometimes targets of violence themselves. Data and discussion about these risks and strategies to address them are missing from the peacebuilding literature. This article begins to address this gap. I argue that existing conflict analysis models provide a foundation for risk analysis, but they do not recognize the interplay between an organization's policies and intervention approaches and its security. I review two generations of conflict analysis frameworks and then present an approach that identifies various dimensions and types of risk and vulnerability for third-party intervenors and integrates easily into existing analytical frameworks.