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Which of the following statement is most accurate about the limitations of the checklist analysis approach for

Gary is the project manager of his organization. He is managing a project that is similar to a
project his organization completed recently. Gary has decided that he will use the
information from the past project to help him and the project team to identify the risks that
may be present in the project. Management agrees that this checklist approach is ideal and
will save time in the project. Which of the following statement is most accurate about the
limitations of the checklist analysis approach for Gary?

What will be Neil’s reply to Tom?

Neil works as a project manager for SoftTech Inc. He is working with Tom, the COO of his
company, on several risks within the project. Tom understands that through qualitative
analysis Neil has identified many risks in the project. Tom’s concern, however, is that the
priority list of these risk events are sorted in “high-risk,” “moderate-risk,” and “low-risk” as
conditions apply within the project. Tom wants to know that is there any other objective on
which Neil can make the priority list for project risks. What will be Neil’s reply to Tom?

What type of risk response has Adrian used in this example?

Adrian is the project manager of the NHP Project. In her project there are several work
packages that deal with electrical wiring. Rather than to manage the risk internally she has
decided to hire a vendor to complete all work packages that deal with the electrical wiring.
By removing the risk internally to a licensed electrician Adrian feels more comfortable with
project team being safe. What type of risk response has Adrian used in this example?


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