RAIC Document Six 2018 Updates
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Questions and Answers

Which of the following best describes the concept of risk in project management?

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

    • Which of the following is true about risk in business enterprises?

  • Risk has no impact on business enterprises
  • Risk includes both opportunities and threats (correct)
  • Risk only includes threats
  • Risk only includes opportunities

    • What is the nature of risk in project management?

  • Risk is only present during the life of a practice
  • Risk is inherent in project management (correct)
  • Risk is not a concern for architects
  • Risk can be completely eliminated

    • What is the purpose of risk management in architectural practice?

    <p>To transfer and mitigate the probability and impact of potential threats</p> Signup and view all the answers

    According to the text, what is the importance of team chemistry in a project?

    <p>All of the above.</p> Signup and view all the answers

    What should architects consider when instructed to use a client-preferred subconsultant?

    <p>All of the above.</p> Signup and view all the answers

    What is recommended for architects when entering into agreements with subconsultants?

    <p>Paying attention to insurance requirements and limitations of liability provisions.</p> Signup and view all the answers

    What type of consultants are responsible for the investigation of existing assets or conditions?

    <p>All of the above.</p> Signup and view all the answers

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

    <p>Reduced stakeholder satisfaction</p> Signup and view all the answers

    What is one reason why residential condominium projects are considered higher-risk for architects?

    <p>Unrealistic expectations of purchasers</p> Signup and view all the answers

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

    <p>Design-build and public-private partnership (P3) projects</p> Signup and view all the answers

    What is one option for an architectural practice to minimize risk when pursuing a project?

    <p>Form a joint venture with another practice</p> Signup and view all the answers

    According to the text, what should an architect do if the proposed contract terms are significantly different from association-sanctioned agreements?

    <p>Review them with legal counsel and professional liability insurer</p> Signup and view all the answers

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

    <p>Overpromise or overcommit</p> Signup and view all the answers

    What should an architect consider before signing a confidentiality and non-disclosure agreement (NDA)?

    <p>Consult with legal counsel</p> Signup and view all the answers

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

    <p>Loss of direct communication with the client</p> Signup and view all the answers

    According to the text, what are the key components of a comprehensive risk management strategy?

    <p>Identification of risk, assessment of risk probability and impact, development of a plan to respond to risk, and monitoring of practice and project activities</p> Signup and view all the answers

    What is the best advice given in the text regarding unreasonable contractual conditions?

    <p>To say 'No' to unreasonable contractual conditions</p> Signup and view all the answers

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

    <p>To identify potential threats and issues that need to be addressed before pursuing a project opportunity</p> Signup and view all the answers

    Why is it important for a practice to evaluate a prospective client before accepting a commission?

    <p>To reduce significant business risk</p> Signup and view all the answers

    According to the text, which of the following is true about the RAIC Document Six?

    <p>It reflects a balanced approach to the contractual relationship between client and architect.</p> Signup and view all the answers

    What is one of the best ways to minimize risk in a client-architect agreement?

    <p>Spending time with the client to discuss the agreement clause by clause.</p> Signup and view all the answers

    What should an architect do if the client is a corporation?

    <p>Ensure that the person signing the agreement has the authority to commit the corporation.</p> Signup and view all the answers

    Why should an architect review a client's 'standard agreement' form carefully?

    <p>To ascertain the extent of risk being assumed over and above those in the standard forms of agreement.</p> Signup and view all the answers

    Which of the following is NOT an example of a client-initiated variation to the standard forms of agreement?

    <p>Architect will guarantee building permit will be issued</p> Signup and view all the answers

    What is a potential consequence of clauses inserted in client-prepared contracts that increase the architect’s liability?

    <p>They may not be covered by professional liability insurance</p> Signup and view all the answers

    According to the text, what should the architect never do?

    <p>Warrant or guarantee any aspect of professional services</p> Signup and view all the answers

    Which of the following is NOT an example of a clause that may be inserted in a client-prepared contract?

    <p>Architect to engage surveyor, geotechnical engineer, and hazardous materials consultant</p> Signup and view all the answers

    What does the text mention as a potential consequence of client-initiated variations to the standard forms of agreement?

    <p>Increased liability for the architect</p> Signup and view all the answers

    What is provided as an additional reference at the end of the chapter?

    <p>Checklist: Contract Review</p> Signup and view all the answers

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