Architectural Services Assessment

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Which of the following best describes the concept of risk in a business enterprise?

An uncertain event or condition that always has a negative effect on a project's objectives

An event or condition that has a positive or negative effect on a project's objectives (correct)

An uncertain event or condition that has no effect on a project's objectives

An event or condition that always has a positive effect on a project's objectives

What does the text suggest about the management of risk in a business enterprise?

Risk requires the identification, assessment, and decision-making process (correct)

Risk can be completely eliminated with proper management

Risk should always be avoided in a business enterprise

Risk has no impact on a business enterprise

According to the text, is it possible to completely eliminate risk in a business enterprise?

Yes, risk can be completely eliminated

Risk can be eliminated by avoiding any action

Risk has no impact on a business enterprise

No, risk can only be managed (correct)

Which of the following is NOT a component of a comprehensive risk management strategy?

Development of a plan to respond to risk Signup and view all the answers

What is the purpose of a GO/NO GO checklist in risk analysis?

To identify issues that need to be addressed to move from a NO GO to a GO position Signup and view all the answers

What is one important consideration in evaluating a prospective client before accepting a commission?

The client's reputation for paying for services contracted Signup and view all the answers

Why is it recommended for a practice to have more than one individual involved in the GO/NO GO risk analysis process?

To ensure a more objective assessment of the project Signup and view all the answers

Which of the following is a potential risk when a firm undertakes a project beyond its capabilities?

A claim of professional misconduct Signup and view all the answers

What is one reason why residential condominium projects can be considered higher-risk projects?

Developers may seek to reduce the scope of architects' involvement Signup and view all the answers

Which project delivery method may increase the degree of risk for architects?

Alternative delivery methods Signup and view all the answers

What should architects consider when assembling a consulting team for a project?

The competitive position of the practice Signup and view all the answers

Which of the following is NOT a recommended practice when working with subconsultants?

Agreeing to the standard terms and conditions put forward by a subconsultant Signup and view all the answers

Which of the following is NOT a type of consultant responsible for the investigation of existing assets or conditions?

Structural engineers Signup and view all the answers

Which of the following is NOT a potential benefit of using the same consultants on a continuing basis?

Avoiding the need for a written agreement Signup and view all the answers

Which of the following is a recommended practice when establishing communication protocols with other consultants and the client?

Clearly setting out the scope of the coordination role in the agreement Signup and view all the answers

Which of the following is NOT a recommended action when reviewing contract terms in a proposal?

Propose amendments to the contract terms Signup and view all the answers

What should an architect be careful not to do when preparing a proposal document?

Overpromise Signup and view all the answers

What should an architect consider when asked to enter into a non-disclosure agreement (NDA) during the proposal stage?

The payment of liquidated damages Signup and view all the answers

What is a potential disadvantage of having a third-party project manager in place?

Loss of direct communication with the client Signup and view all the answers

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Questions and Answers

Which of the following best describes the concept of risk in a business enterprise?

What does the text suggest about the management of risk in a business enterprise?

According to the text, is it possible to completely eliminate risk in a business enterprise?

Which of the following is NOT a component of a comprehensive risk management strategy?

What is the purpose of a GO/NO GO checklist in risk analysis?

What is one important consideration in evaluating a prospective client before accepting a commission?

Why is it recommended for a practice to have more than one individual involved in the GO/NO GO risk analysis process?

Which of the following is a potential risk when a firm undertakes a project beyond its capabilities?

What is one reason why residential condominium projects can be considered higher-risk projects?

Which project delivery method may increase the degree of risk for architects?

What should architects consider when assembling a consulting team for a project?

Which of the following is NOT a recommended practice when working with subconsultants?

Which of the following is NOT a type of consultant responsible for the investigation of existing assets or conditions?

Which of the following is NOT a potential benefit of using the same consultants on a continuing basis?

Which of the following is a recommended practice when establishing communication protocols with other consultants and the client?

Which of the following is NOT a recommended action when reviewing contract terms in a proposal?

What should an architect be careful not to do when preparing a proposal document?

What should an architect consider when asked to enter into a non-disclosure agreement (NDA) during the proposal stage?

What is a potential disadvantage of having a third-party project manager in place?

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