What is the primary goal of risk assessment in construction?

• A. To predict project completion dates
• B. To identify and evaluate potential risks
• C. To determine profit margins
• D. To organize team meetings

Answer: (B)

The primary goal of risk assessment in construction is to identify and evaluate potential risks. This process is crucial because it allows project managers and stakeholders to understand the obstacles that could impact a project's success, including safety hazards, financial uncertainties, and schedule delays. Identifying risks at an early stage enables the implementation of appropriate measures to mitigate them, ensuring that the project proceeds smoothly.

Risk assessment involves systematic analysis, where potential risks are identified, their likelihood of occurrence is evaluated, and the impact of these risks on the project is considered. This process not only aids in safeguarding the health and safety of workers but also maintains the integrity of the project timeline and budget. By prioritizing risks based on their significance, project managers can allocate resources effectively, minimizing disruptions and enhancing the likelihood of project success.

While predicting project completion dates, determining profit margins, and organizing team meetings are important aspects of project management, they are not the primary focus of risk assessment. The core purpose remains centered on understanding and addressing risks to foster a safer and more efficient construction environment.