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Risk assessments: Subjective or Objective?

A) Do you agree that most risk assessments are subjective and not objective? Explain.

B) Although objectives, functional tactics, and action items are included in many implementation plans, why do some organizations have a difficult time reflecting the plans they create? give five reasons that you agree on and what you think the issue is.

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A) Do you agree that most risk assessments are subjective and not objective? Explain.

Much of risk assessment is subjective because it is difficult to gain objective measures for all aspects of a situation. In order to be objective, measurement of risk must be quantifiable. A benefit to using measurable data is the ability to make changes for future operations with concrete action. If one were to measure the chance of a certain problem arising it would be difficult to be objective if the input available was not quantifiable. It is wise to quantify the factors that are easily measured and use subjective group agreements for the remaining factors.

B) Although objectives, functional tactics, and ...

Solution Summary

This solution addresses the following questions:

A) Do you agree that most risk assessments are subjective and not objective? Explain.

B) Although objectives, functional tactics, and action items are included in many implementation plans, why do some organizations have a difficult time reflecting the plans they create? give five reasons that you agree on and what you think the issue is.

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