Discuss NCARB Project-Management Exam Topic 1 Question 18

What is a critical factor in managing project risk?

AIgnoring minor delays to avoid panic

BIdentifying risks early and developing mitigation strategies

CAssigning all risk to the contractor

DAvoiding communication with the owner about risks

Suggested Answer: B

Effective risk management begins with early identification of potential risks and developing strategies to mitigate or respond to them. This includes scheduling, budget, design, and regulatory risks. Assigning all risk to contractors is unrealistic; avoiding communication worsens issues. ARE 5.0 PjM stresses proactive risk identification, communication, and management as key to project success.

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15 comments · newest first

Dierdre 15 days ago

C is risky too. Can't just pass it off to contractors.

Theola 20 days ago

Right! Communication is crucial, not D.

Chun 26 days ago

Exactly! Panic is better than failure.

Dierdre 1 month ago

A is tempting, but ignoring risks is dangerous.

Theola 1 month ago

Agreed! Mitigation strategies can save a project.

Chun 1 month ago

I think B is the best choice. Early identification is key.

Tamera 2 months ago

Wait, are people actually considering D? That seems wild!

Haydee 2 months ago

Totally agree with B! Communication is crucial.

Kris 2 months ago

C sounds risky... like, really risky.

Bettina 2 months ago

I can't believe anyone would think A is a good idea.

Fannie 2 months ago

B is definitely the way to go! Early identification is key.

Shalon 2 months ago

I feel like ignoring minor delays, as in option A, could lead to bigger problems later. I definitely think early identification is key.

Temeka 3 months ago

I’m a bit confused about option C; assigning all risk to the contractor seems risky itself. Is that even a good strategy?

Annmarie 3 months ago

I remember a practice question that emphasized communication about risks, which makes me lean towards option B as well.

Dulce 3 months ago

I think option B makes the most sense since identifying risks early is crucial, but I’m not entirely sure if that’s the only factor.

NCARB Project-Management Exam - Topic 1 Question 18 Discussion