In engineering risk analysis, the risk owner will make the trade-off recommendation.

Question

BlackTom AI · Accepted Answer

In this true/false question, let's explore the roles and typical responsibilities in an engineering risk analysis context.
Option 1: True. The risk owner is the individual or role accountable for a specific risk. This person often has the authority to decide on risk responses and to propose trade-offs among risk, cost, schedule, and performance. Therefore, it is reasonable to say the risk owner can make a trade-off recommendation, especially within their domain of responsibility and within the project’s governance framework. The reasoning here centers on ownership rights to accept or mitigate risk and to advocate for the preferred balance of resources and risk reduction.
Option 2: False. In some organizations or projects, the risk owner may not be the sole or final decision-maker for trade-offs. Final trade-off decisions could require input or approval from higher governance bodies, sponsors, program managers, or a risk committee. Additionally, the risk owner might be responsible for documenting risk responses and monitoring outcomes, but not always for making the final trade-off recommendation that influences funding or project scope. This option highlights the variability of roles across different organizational structures and project frameworks.

Key nuance: the statement’s truth depends on the specific governance and delegation of authority in a given project. In many practice settings, the risk owner does advocate for trade-offs and leads the plan for risk mitigation, while in others, escalation to an approving authority is required for binding decisions. The core idea is that ownership grants influence over risk treatment options, but the final authorization may lie elsewhere in the organization depending on the established processes.

CVEN30008_2025_SM1 Module 4.2 Quiz

In engineering risk analysis, the risk owner will make the trade-off recommendation.

查看解析

登录即可查看完整答案

类似问题

Which of the following statements are incorrect about risk management when dealing with plant and equipment in construction?

In engineering risk analysis, tolerable risks are

In a consumer society, many adults channel creativity into buying things

Economic stress and unpredictable times have resulted in a booming industry for self-help products

People born without creativity never can develop it

A product has a selling price of $20, a contribution margin ratio of 40% and fixed cost of $120,000. To make a profit of $30,000. The number of units that must be sold is: Type the number without $ and a comma. Eg: 20000

Which of the following statement regarding cost is correct:

Under the assumptions used in cost-volume-profit analysis, as the activity increases:

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单