Multiple Choice
Some level of risk planning should be done during ____ of the project life cycle to make sure that a contractor understands the risks involved with bidding on a proposed project.With knowledge of potential risks, the contractor can include contingency or management reserve amounts in the bid price.
A) the planning phase
B) the performing phase
C) the initiating phase
D) the closing phase
Correct Answer:

Verified
Correct Answer:
Verified
Q10: Risks may change as the project progresses
Q11: _ includes taking action to prevent or
Q12: The possible response plan for vendor delay
Q13: _ is a rating of low, medium,
Q14: Waiting for unfavorable events to occur and
Q16: The project team should not change the
Q17: Waiting for problematic events to occur and
Q18: Regularly review and evaluate _ to determine
Q19: Addressing risks proactively will increase the chances
Q20: Historical information from past projects is another