Formal risk evaluation includes the use of checklists, brainstorming, and expert input.

Formal risk evaluation includes the use of checklists, brainstorming, and expert input.

• A. True.
• B. False.
• C. Only checklists.
• D. Only brainstorming.

Answer: (A)

The use of standardized techniques like checklists, brainstorming, and expert input is how formal risk evaluation is conducted. Checklists ensure you cover known risk categories consistently so nothing obvious is missed. Brainstorming opens the door to creative and less obvious risks by bringing in diverse perspectives. Expert input adds depth with specialized knowledge, judgment about probability, and impact, helping to prioritize risks accurately. Together, these methods provide a structured, thorough assessment rather than an ad hoc or incomplete one. So this statement is true.

The use of standardized techniques like checklists, brainstorming, and expert input is how formal risk evaluation is conducted. Checklists ensure you cover known risk categories consistently so nothing obvious is missed. Brainstorming opens the door to creative and less obvious risks by bringing in diverse perspectives. Expert input adds depth with specialized knowledge, judgment about probability, and impact, helping to prioritize risks accurately. Together, these methods provide a structured, thorough assessment rather than an ad hoc or incomplete one. So this statement is true.