Which of the following is NOT an essential component of risk assessment in construction?

• A. Hazard identification
• B. Negotiation skills
• C. Risk analysis
• D. Risk evaluation

Answer: (B)

In construction risk assessment, the process involves several essential components aimed at identifying, analyzing, and evaluating potential risks that could impact safety, project timelines, or costs. Hazard identification is fundamental as it involves recognizing potential sources of harm or adverse effects. Risk analysis complements this by evaluating the likelihood and consequences of the identified hazards, providing a more comprehensive understanding of the potential risks involved. Finally, risk evaluation prioritizes the risks based on their significance, helping decision-makers determine which risks need to be managed or mitigated.

Negotiation skills, while important in various contexts within construction projects, such as resolving conflicts or securing contracts, are not considered a core component of risk assessment itself. Risk assessment is focused primarily on identifying and managing hazards, making negotiation skills relevant but not essential in this specific process. Therefore, this choice distinguishes itself as not being fundamentally tied to the key processes of assessing risk in construction.