Depending on the project, a number of different risk analysis methods are available, but like anything, none of them are perfect. If one of them was, the product that used that method would never have issues but reading the headlines proves that has yet to happen.

For example, many risk analysis methods, like FMECA, sometimes use a numbered scale to categorize the risk. Some will use a scale of 1 to 5 and others will use a scale of 1 to 3. At the end of the day, the problem with this is that the numbers are arbitrary and not quantifiable in any direct fashion. There’s subjectivity to them.

What are some other drawbacks of the risk analysis methods you have come across? Read about a method and describe its pros and cons.