Questions: What is a risk assessment in engineering? a. A checklist of materials needed b. A systematic evaluation of potential hazards and their likelihood c. A method to increase project funding d. A final inspection before project completion Previous

What is a risk assessment in engineering? a. A checklist of materials needed b. A systematic evaluation of potential hazards and their likelihood c. A method to increase project funding d. A final inspection before project completion Previous
Transcript text: What is a risk assessment in engineering? a. A checklist of materials needed b. A systematic evaluation of potential hazards and their likelihood c. A method to increase project funding d. A final inspection before project completion Previous
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Solution

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The answer is the second one (or B): a systematic evaluation of potential hazards and their likelihood.

Explanation for each option: a. A checklist of materials needed: This option is incorrect because a checklist of materials is related to inventory and resource management, not the evaluation of risks or hazards.

b. A systematic evaluation of potential hazards and their likelihood: This option is correct. A risk assessment in engineering involves identifying potential hazards, evaluating the likelihood of their occurrence, and determining the potential impact on the project. This process helps in mitigating risks and ensuring safety and reliability.

c. A method to increase project funding: This option is incorrect because risk assessment is not related to securing additional funds for a project. It is focused on identifying and managing risks.

d. A final inspection before project completion: This option is incorrect because a final inspection is a quality control measure to ensure that the project meets specified standards and requirements, not an assessment of risks.

Summary: A risk assessment in engineering is a systematic evaluation of potential hazards and their likelihood, aimed at identifying and mitigating risks to ensure the safety and success of a project.

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