Which three of the following problems is most likely to result from using probability analysis?
A) The investigation is too complicated for managers to understand.
B) Projects may be viewed in isolation.
C) Too much faith is placed in quantified subjective probabilities.
D) The analysis does not offer information on the likely outcomes and the associated probabilities.

Question

Quizplus · Accepted Answer

A) Probability analysis can become complex, especially when dealing with multiple variables and outcomes, making it difficult for managers to understand without a strong statistical background.B) When using probability analysis, there's a risk of focusing on individual projects without considering how they interact with or impact other projects or the overall strategic goals of the organization.C) There's a tendency to over-rely on quantified subjective probabilities, assuming they are more accurate or objective than they might actually be. This can lead to overconfidence in the results of the analysis.

Which Three of the Following Problems Is Most Likely to Result