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Contractors' Questionnaire - Construction Owners Association of ...

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5.2 Project Risk Assessment<br />

Project risk assessment is the process to identify, assess and manage risk. The project team<br />

evaluates risk exposure for potential project impact to provide focus for mitigation strategies.<br />

Select the response below that best describes your company’s participation in project risk<br />

assessment effort.<br />

1. Was the project successful in including the appropriate parties to work through an<br />

assessment <strong>of</strong> risk posed to the project?<br />

No Moderately Very<br />

0 1 2 3 4 NA/UNK<br />

◘ ◘ ◘ ◘ ◘ ◘<br />

2. To what extent was an environment created to encourage free discussions <strong>of</strong> risk concerns?<br />

Not at all Moderately Very<br />

0 1 2 3 4 NA/UNK<br />

◘ ◘ ◘ ◘ ◘ ◘<br />

3. To what extent was a comprehensive and systematic process used to identify and assess risks<br />

posed to the project?<br />

No Process<br />

Used<br />

Most<br />

Very<br />

Extensively<br />

Used<br />

0 1 2 3 4 NA/UNK<br />

◘ ◘ ◘ ◘ ◘ ◘<br />

4. Were effective mitigation strategies developed for the identified risks?<br />

Not at all Moderate Very<br />

Effective<br />

0 1 2 3 4 NA/UNK<br />

◘ ◘ ◘ ◘ ◘ ◘<br />

5. Were effective mitigation strategies implemented?<br />

Not at all Moderate Always<br />

0 1 2 3 4 NA/UNK<br />

◘ ◘ ◘ ◘ ◘ ◘<br />

6. To what extent were the mitigation strategies successful?<br />

Not Moderate Very<br />

0 1 2 3 4 NA/UNK<br />

◘ ◘ ◘ ◘ ◘ ◘<br />

71

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