PMI-RMP · Question #64
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…
The correct answer is A. The checklist analysis approach is fast but it is impossible to build and exhaustive checklist. The checklist analysis approach for risk identification uses historical information from previous similar projects to quickly identify potential risks. Its primary limitation is that it is impossible to build a truly exhaustive checklist - every project is unique, and risks not…
Question
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?
Options
- AThe checklist analysis approach is fast but it is impossible to build and exhaustive checklist.
- BThe checklist analysis approach saves time, but can cost more.
- CThe checklist analysis approach only uses qualitative analysis.
- DThe checklist is also known as top down risk assessment.
How the community answered
(30 responses)- A90% (27)
- B3% (1)
- C7% (2)
Explanation
The checklist analysis approach for risk identification uses historical information from previous similar projects to quickly identify potential risks. Its primary limitation is that it is impossible to build a truly exhaustive checklist - every project is unique, and risks not encountered in past projects will be omitted. Relying solely on a checklist can give a false sense of completeness and cause the team to overlook novel or project-specific risks. The other options are inaccurate: checklists do not inherently cost more, they are not limited to qualitative analysis, and they are not synonymously called 'top-down risk assessment.'
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