Woolpert Risk Awareness Program - Module 1

17 Questions | Total Attempts: 70

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Module Quizzes & Trivia

This quiz covers the material from Module 1. You MUST submit your name (First Name Last Name) so as to receive credit for your score.


Questions and Answers
  • 1. 
    True or false? The goal of the program is to help Woolpert staff understand and eliminate all risks involved with a project.
    • A. 

      True

    • B. 

      False

  • 2. 
    True or false? Over 50 percent of claims made against Woolpert result in litigation.
    • A. 

      True

    • B. 

      False

  • 3. 
    True or false? Risk is simply defined as the chance of an unwanted or adverse result.
    • A. 

      True

    • B. 

      False

  • 4. 
    True or false? There can be two sides to risk.
    • A. 

      True

    • B. 

      False

  • 5. 
    What is the best way to document a client’s expectations?
    • A. 

      Phone call

    • B. 

      Contract

    • C. 

      Email

    • D. 

      Handshake

  • 6. 
    Developing a contract and a well defined scope gives us a chance to help the client set reasonable:
    • A. 

      Indemnification provisions

    • B. 

      Schedules

    • C. 

      Expectations

    • D. 

      Insurance requirements

  • 7. 
    As a project progresses, it is typically necessary that what must be refined is:
    • A. 

      Indemnification provisions

    • B. 

      Schedules

    • C. 

      Expectations

    • D. 

      Insurance requirements

  • 8. 
    Risk Management involves a three step process that includes:
    • A. 

      Analysis and resolution

    • B. 

      Analysis and continued implementation

    • C. 

      Initial action and resolution

    • D. 

      Assumptions and continued implementation

  • 9. 
    True or false? The principle of N.I.M.B.Y. has impacted Woolpert.
    • A. 

      True

    • B. 

      False

  • 10. 
    True or false? Woolpert tries to manage every risk but is not able.
    • A. 

      True

    • B. 

      False

  • 11. 
    With respect to Woolpert, more than 50 percent of claims have been made by:
    • A. 

      Clients

    • B. 

      Third Parties

    • C. 

      Subconsultants

  • 12. 
    The general categories for managing risk include avoiding the risk, assuming the risk but trying to mitigate it, and
    • A. 

      Passing on a project

    • B. 

      Utilizing a strong project manager

    • C. 

      Using a life line

    • D. 

      Transferring the risk

  • 13. 
    True or false? In analyzing the risk, Woolpert is more interested in the merely possible than the probable.
    • A. 

      True

    • B. 

      False

  • 14. 
    True or false? By including a limit of liability provision in a contract, a consultant caps the consultant’s liability to any party who may bring a claim against the consultant.
    • A. 

      True

    • B. 

      False

  • 15. 
    True or false? Insurance is a silver bullet for managing risk.
    • A. 

      True

    • B. 

      False

  • 16. 
    True or false? Many claims can be traced back to a communication failure between the client and the consultant.
    • A. 

      True

    • B. 

      False

  • 17. 
    True or false? A limit of liability provision is one way to transfer risk via contract.
    • A. 

      True

    • B. 

      False