FREE CSLB Risk Management Questions and Answers
What is the primary goal of risk management in construction projects?
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The primary goal of risk management is to identify, assess, and mitigate risks to ensure the project is completed safely, on time, and within budget.
Why is it important to have a contingency plan in risk management?
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A contingency plan provides a predetermined response to potential risks, helping to minimize disruptions and maintain project continuity.
What role does insurance play in construction risk management?
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Insurance helps manage financial risks by providing coverage for specific events, such as accidents, natural disasters, or equipment damage.
How often should risk assessments be conducted during a construction project?
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Continuous risk assessments are crucial to identify and address new risks as the project progresses and circumstances change.
Which of the following is a common method for identifying risks in a construction project?
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Brainstorming sessions involve key stakeholders and team members to identify potential risks based on their experiences and knowledge.