Some Level of Risk Planning Should Be Done During ____

question 15

Multiple Choice

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

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Definitions:

Chapter 7

A provision of the U.S. Bankruptcy Code that deals with liquidation, the process of selling a debtor's non-exempt property to pay off creditors.

Bankruptcy Code

The Bankruptcy Code is the set of laws that govern bankruptcy in the United States, providing procedures for individuals and businesses to discharge or reorganize their debts.

Liquidation Proceedings

A legal process during which a business closes operations, sells its assets, and pays off creditors, typically in the context of bankruptcy.

Chapter 11 Plan

A reorganization plan under U.S. bankruptcy laws that allows a debtor to keep its business running while paying creditors over time.