Who initiates a project, assumes risk, and provides funding?

• A. Owner
• B. AHJ
• C. Design Team
• D. Contractor Team

Answer: (A)

The main idea being tested is who starts a project, carries the financial burden, and takes on the project risk. The owner fits this role: they are the client who defines the program and objectives, commits the funding, and assumes the financial risk to see the project through from concept to completion. This includes paying for design and construction, handling funding gaps, and bearing economic risk if costs or schedules change.

The other roles have different primary responsibilities. The Authority Having Jurisdiction enforces codes and approvals, not funding or initiating projects. The design team creates the project documents and technical solutions but does not fund or undertake overall project risk. The contractor team builds according to the plans and manages construction risk, but the financial initiation and overall project risk are mainly borne by the owner.