Podcast
Questions and Answers
Which of the following best describes the concept of risk in project management?
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?
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?
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?
What is the purpose of risk management in architectural practice?
According to the text, what is the importance of team chemistry in a project?
According to the text, what is the importance of team chemistry in a project?
What should architects consider when instructed to use a client-preferred subconsultant?
What should architects consider when instructed to use a client-preferred subconsultant?
What is recommended for architects when entering into agreements with subconsultants?
What is recommended for architects when entering into agreements with subconsultants?
What type of consultants are responsible for the investigation of existing assets or conditions?
What type of consultants are responsible for the investigation of existing assets or conditions?
Which of the following is a potential risk when a firm undertakes a project beyond its capabilities?
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 are considered higher-risk for architects?
What is one reason why residential condominium projects are considered higher-risk for architects?
Which project delivery methods may increase the degree of risk for architects?
Which project delivery methods may increase the degree of risk for architects?
What is one option for an architectural practice to minimize risk when pursuing a project?
What is one option for an architectural practice to minimize risk when pursuing a project?
According to the text, what should an architect do if the proposed contract terms are significantly different from association-sanctioned agreements?
According to the text, what should an architect do if the proposed contract terms are significantly different from association-sanctioned agreements?
What should an architect be careful not to do when preparing a proposal document?
What should an architect be careful not to do when preparing a proposal document?
What should an architect consider before signing a confidentiality and non-disclosure agreement (NDA)?
What should an architect consider before signing a confidentiality and non-disclosure agreement (NDA)?
What is one potential disadvantage of having a third-party project manager in place?
What is one potential disadvantage of having a third-party project manager in place?
According to the text, what are the key components of a comprehensive risk management strategy?
According to the text, what are the key components of a comprehensive risk management strategy?
What is the best advice given in the text regarding unreasonable contractual conditions?
What is the best advice given in the text regarding unreasonable contractual conditions?
What is the purpose of a GO/NO GO checklist in project risk management?
What is the purpose of a GO/NO GO checklist in project risk management?
Why is it important for a practice to evaluate a prospective client before accepting a commission?
Why is it important for a practice to evaluate a prospective client before accepting a commission?
According to the text, which of the following is true about the RAIC Document Six?
According to the text, which of the following is true about the RAIC Document Six?
What is one of the best ways to minimize risk in a client-architect agreement?
What is one of the best ways to minimize risk in a client-architect agreement?
What should an architect do if the client is a corporation?
What should an architect do if the client is a corporation?
Why should an architect review a client's 'standard agreement' form carefully?
Why should an architect review a client's 'standard agreement' form carefully?
Which of the following is NOT an example of a client-initiated variation to the standard forms of agreement?
Which of the following is NOT an example of a client-initiated variation to the standard forms of agreement?
What is a potential consequence of clauses inserted in client-prepared contracts that increase the architect’s liability?
What is a potential consequence of clauses inserted in client-prepared contracts that increase the architect’s liability?
According to the text, what should the architect never do?
According to the text, what should the architect never do?
Which of the following is NOT an example of a clause that may be inserted in a client-prepared contract?
Which of the following is NOT an example of a clause that may be inserted in a client-prepared contract?
What does the text mention as a potential consequence of client-initiated variations to the standard forms of agreement?
What does the text mention as a potential consequence of client-initiated variations to the standard forms of agreement?
What is provided as an additional reference at the end of the chapter?
What is provided as an additional reference at the end of the chapter?
