Monitoring and Controlling Risk

The Monitor and Control Risks process involves implementing response plans, tracking and monitoring identified risks, and identifying and responding to new risks as they occur. You will examine performance information and use the tools and techniques of this process to analyze and implement other functions of this process, including the following:

• Evaluating risk response plans that are put into action as a result of risk events
• Monitoring the project for risk triggers
• Reexamining existing risks to determine if they have changed or should be closed out
• Monitoring residual risks
• Reassessing project assumptions and determining validity
• Ensuring that policies and procedures are followed
• Ensuring that risk response plans and contingency plans are put into action appropriately and are effective