The assessment of privacy properties of software systems gains more and more importance nowadays. This is, on the one hand because of increasing privacy concerns of end-users due to numerous reported privacy breaches, and on the other hand due to stricter data protection regulations, e.g., the EU General Data Protection Regulation that prescribes an assessment of the privacy implications that a project possibly has. The lack of systematic methods to assist a comprehensive and detailed privacy analysis makes it hard for analysts to address the end-users’ and legal requirements. In this paper, we adopt the principles of the hazard and operability (HAZOP) studies, which have successfully been used for safety analyses, to privacy to provide a systematic method to identify the relevant privacy threats for a software to be developed. We propose a method called privacy and operability (PRIOP) studies that allows to systematically analyze the potential privacy issues that a software to be developed might raise, based on the software’s functionality at the requirements level.