Risk Flashcards
1
Q
Risk management types ?
A
Avoid
Reduce
Retention
Share
Transfer
2
Q
Identify risk?
A
Monte Carlo
Simple assessment method
3
Q
What are the basics elements of risk management
A
Identify
Analyze
Action
Review
4
Q
Employer other?
A
Acceleration
5
Q
Employer change ?
A
Change to design post contract
6
Q
Design development
A
Pre contract design changes
7
Q
Construction risk?
A
Ground conditions
8
Q
Transfer?
A
D&B transfer design risk to contractor
9
Q
Avoid
A
Not using specific site bc of bad conditions
10
Q
Share
A
EOT
Client takes risk on programme
Contractor on cost
11
Q
Reduction?
A
Surveys for asbestos
12
Q
Retain?
A
Contingency
