Which of the following resources can give inputs to undertake risk analysis ?

Question

BlackTom AI · Accepted Answer

When considering inputs for undertaking risk analysis, a variety of sources can contribute valuable information.
Option 1: 'Records from previous events or incidents' are a rich source of historical data, lessons learned, and patterns that help identify recurring risk factors and predict potential losses. This is a valid input for risk assessments.
Option 2: 'People with particular experience' bring expert judgment, domain knowledge, and practical insights that may not be captured in records alone. Their input helps interpret data and assess scenarios more accurately.
Option 3: 'Both of the above' correctly recognizes that risk analysis benefits from combining historical records with expert input. Integrating multiple inputs often yields more comprehensive and robust risk assessments by capturing both quantitative history and qualitative expertise.
Option 4: 'None of the above' is incorrect because at least one, and in fact both, of the listed sources can provide inputs for risk analysis.

CVEN30008_2025_SM1 Module 3.3 Quiz

Which of the following resources can give inputs to undertake risk analysis ?

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