In construction risk management, what is the primary purpose of recognizing positive risks (opportunities)?

To eliminate all uncertainties from the project schedule

To transfer potential gains to the client to reduce contractual liability

To document all risks in the risk register for audit purposes only

To identify events that could have a beneficial effect on project objectives

During Front End Planning for a new hospital construction project, the risk register lists over 40 risks. The project sponsor wants to focus the team's limited risk-review time on the most critical items. The team has just completed a qualitative analysis scoring each risk for likelihood and impact. What should the risk manager do next to align with the risk process?

Assign a risk owner to every risk before any further analysis to ensure accountability.

Move all risks with a high likelihood score to the top of the register regardless of impact.

Conduct a quantitative analysis on all 40 risks before prioritizing.

Prioritize risks by combining likelihood and impact scores, then schedule frequent reviews of the top-ranked risks.

How often should the risk prioritization matrix be reviewed during Front End Planning?

Frequently, to reflect new information and changes

During Front End Planning (FEP), why is it important to prioritize risks?

To focus resources on the risks with the greatest potential impact

To satisfy the project sponsor's reporting requirements

To reduce the number of risks identified

To eliminate the need for risk reviews later

Which action would most directly help overcome barriers to innovation in a construction company?

Mandate innovation without explaining benefits

Provide training and create a culture that supports experimentation

Avoid discussing new technologies to prevent disruption

Outsource all innovative work to external firms

PMIConstruction Professional (PMI-CP)

Domain 1Objective 1

Manage Risks and the Risk Process for Construction and Built Environment Projects PMI-CP Practice Questions (Page 4)

Part of the Contracts Management domain, which accounts for 50% of the PMI-CP exam.

34questions here

7free pages

8concepts

50%of the exam

Questions 16–20

16foundation · easy
In construction risk management, what is the primary purpose of recognizing positive risks (opportunities)?
Select an answer first
17application · medium
During Front End Planning for a new hospital construction project, the risk register lists over 40 risks. The project sponsor wants to focus the team's limited risk-review time on the most critical items. The team has just completed a qualitative analysis scoring each risk for likelihood and impact. What should the risk manager do next to align with the risk process?
Select an answer first
18foundation · easy
How often should the risk prioritization matrix be reviewed during Front End Planning?
Select an answer first
19foundation · easy
During Front End Planning (FEP), why is it important to prioritize risks?
Select an answer first
20foundation · easy
Which action would most directly help overcome barriers to innovation in a construction company?
Select an answer first

Finished these 5 questions?

Review the revealed explanations, or continue through the curriculum.

Next 5 questions →Back to PMI-CP

Free Basic Practice is a study aid with revealable answers — not a scored exam. Examers.io is independent and not affiliated with or endorsed by PMI. “PMI-CP” is a trademark of its owner, used for identification only.