1. The three most critical factors influencing the assessed size of the Honiker Corporation project are complexity, team size, and cost.

2. The ATOM risk management process consists of six steps: identify risks, categorize risks, assess risks, formulate risk strategies, manage risks, and monitor and review risks. The PMI Standard for Risk Management consists of four processes: plan risk management, identify risks, perform qualitative and quantitative risk analysis, and develop risk response plans. Both processes identify, analyze, and respond to risks, however the ATOM process is more comprehensive and includes additional steps for monitoring and review.

3. Takeaways from Dr. Hillson's presentation include: 1) Risk management should be used to ensure that projects are completed on time and on budget; 2) Risk analysis should be tailored to the specific project; and 3) Risk management is an ongoing process that should be monitored and reviewed throughout the project.