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NCARB Project-Management Exam - Topic 1 Question 18 Discussion

What is a critical factor in managing project risk?
B) Identifying risks early and developing mitigation strategies
A) Ignoring minor delays to avoid panic
C) Assigning all risk to the contractor
D) Avoiding communication with the owner about risks

NCARB Project-Management Exam - Topic 1 Question 18 Discussion

Actual exam question for NCARB's Project-Management exam
Question #: 18
Topic #: 1
[All Project-Management Questions]

What is a critical factor in managing project risk?

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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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Tamera
1 day ago
Wait, are people actually considering D? That seems wild!
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Haydee
6 days ago
Totally agree with B! Communication is crucial.
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Kris
11 days ago
C sounds risky... like, really risky.
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Bettina
17 days ago
I can't believe anyone would think A is a good idea.
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Fannie
22 days ago
B is definitely the way to go! Early identification is key.
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Shalon
27 days ago
I feel like ignoring minor delays, as in option A, could lead to bigger problems later. I definitely think early identification is key.
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Temeka
1 month ago
I’m a bit confused about option C; assigning all risk to the contractor seems risky itself. Is that even a good strategy?
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Annmarie
1 month ago
I remember a practice question that emphasized communication about risks, which makes me lean towards option B as well.
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Dulce
1 month 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.
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