Manage Risks and the Risk Process for Construction and Built Environment Projects PMI-CP Practice Questions (Page 3)

Questions 11–15

1. 11application · medium

   A project team has identified a risk that a key supplier may go out of business, which would delay the delivery of critical steel beams. The risk has been scored as high likelihood and high impact. What should the team do next in the risk process?

   • ADocument the risk and wait for more information before taking action.
   • BDevelop a risk response plan, such as identifying an alternative supplier or increasing inventory.
   • CTransfer the risk to the client by adding a clause to the contract.
   • DRe-evaluate the likelihood and impact to ensure the scores are correct.
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2. 12foundation · easy

   What is the key characteristic of the risk management process in a construction project lifecycle?

   • AIt is the sole responsibility of the project manager
   • BIt is a continuous and iterative process
   • CIt is performed only during the planning phase
   • DIt is completed once the risk register is created
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4. 13foundation · easy

   A risk that a subcontractor may fail to deliver materials on time is best classified under which category?

   • AProject management
   • BTechnical
   • CExternal
   • DOrganizational
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5. 14foundation · easy

   What is the purpose of evaluating risks in terms of likelihood and impact?

   • ATo assign a risk owner for every risk
   • BTo satisfy insurance requirements
   • CTo determine the overall risk score and prioritize risks
   • DTo eliminate all risks from the project
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6. 15application · medium

   A construction firm is beginning the risk identification phase for a large infrastructure project. The project manager wants to ensure comprehensive risk identification. Which stakeholder engagement approach best supports this objective?

   • AReview the risk register from a similar past project and update it with new dates.
   • BAsk only the project sponsor and the client to list risks to avoid conflicting opinions.
   • CDistribute a risk checklist to the project team and collect responses by email.
   • DHold a facilitated workshop with representatives from design, construction, operations, and the client.
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