Which of the following best describes risk evaluation in construction?

• A. Estimating project budgets
• B. Reviewing construction plans
• C. Prioritizing risks based on their potential impacts
• D. Assessing crew safety measures

Answer: (C)

Risk evaluation in construction focuses on identifying and prioritizing risks based on their potential impacts on a project. This process involves analyzing the likelihood of various risks occurring and determining the severity of their effects if they do happen. By prioritizing risks, construction managers can allocate resources effectively and implement mitigation strategies for the most significant threats, ensuring better project outcomes.

The other options do not adequately capture the essence of risk evaluation. Estimating project budgets pertains to financial planning rather than assessing risks. Reviewing construction plans focuses on the technical aspects of the project, ensuring designs meet standards and regulations, which is not the same as evaluating risks. Assessing crew safety measures is a crucial part of site safety management, but it addresses safety rather than the broader spectrum of project risk. Thus, option C is the only one that accurately describes the core activity of risk evaluation in construction.