Consider the following statements: “The problem with risk analysis is that it is possible to imagine virtually anything going wrong on a project.

Consider the following statements: “The problem with risk analysis is that it is possible to imagine virtually anything going wrong on a project. Where do you draw the line? In other words, how far do you take risk analysis before it becomes overkill?” How would you respond to this observation?

1 The tools in this chapter address this very problem. Looking for possible risks couldbe an endless process, however, it is important (as outlined in the text) to approachrisk in a systematic…