Risk, Documents, Specifications, EIA

A Project Execution Plan (PEP) outlines:

• How a project will be executed and controlled

• The total project cost

• The final approval from the government

• The business case analysis

How many steps are there in the risk management process?

• 1

• 2

• 3

• 4

Risk Avoidance is one risk response we can take on a project. Which one of these is an example of risk avoidance?

• Buying insurance

• Changing the design to prevent this risk occurring

• Accepting the risk as part of the project

Subcontracting an element of work is a method of risk transfer..

• True

• False

What is a project risk register?

• A financial spreadsheet that tracks project expenses and cost overruns.

• A schedule that lists project tasks and deadlines.

• A document that records identified risks, their impact, likelihood, and mitigation strategies

• A legal document required for obtaining planning permission.

The factors considered for analysing and prioritising project risks are :

• Probability

• Cost

• Severity

• Quality

• Resources

Under the Construction Regulations 2013, a Designer’s Risk Assessment should

• Exclude safety concerns

• Only focus on financial risk

• Be completed after construction starts

• Identify H&S risks associated with the construction, operation, maintenance and decommissioning of the building.

A BOQ is primarily used for:

• Setting up legal contracts

• Approving construction permits

• Estimating project costs

• Setting up project phases

An EIA is often required for significant building and infrastructure projects to obtain planning permission. An EIA is...

• Economic Investment Analysis

• Energy Improvement Agreement

• Environmental Impact Assessment

A specification is a document that accompanies the design drawings for a project going to construction. What is a specification?

• A project timeline that schedules construction activities and deadlines.

• A legal contract between the client and contractor specifying payment terms.

• A financial report that tracks the costs of labor and materials throughout the project.

• A detailed document that outlines materials, workmanship, and quality standards required for construction