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

Question

Quizplus · Accepted Answer

Risk planning should be done during the initiating phase of the project life cycle. This early stage is crucial for understanding the risks involved before bidding on a project, allowing for appropriate contingency measures to be included in the bid.

Some Level of Risk Planning Should Be Done During ____