Which one of the following is NOT a component of the risk monitoring and controlling process?

The correct answer is B. Completing quantitative risk analysis. Risk monitoring and controlling includes activities such as: tracking identified risks to see how they evolve, executing planned risk responses when triggers occur, identifying newly emerged risks, and evaluating risk response effectiveness. Quantitative risk analysis (e.g…

Program Risk Management

Question

Options

AExecuting risk response plans
BCompleting quantitative risk analysis
CTracking identified risks
DDetermining if new risks have developed

How the community answered

(57 responses)

A
4% (2)
B
91% (52)
C
2% (1)
D
4% (2)

Explanation

Risk monitoring and controlling includes activities such as: tracking identified risks to see how they evolve, executing planned risk responses when triggers occur, identifying newly emerged risks, and evaluating risk response effectiveness. Quantitative risk analysis (e.g., Monte Carlo simulation, expected monetary value) is a planning activity performed during the risk analysis phase - not during monitoring and controlling. By the time you are in monitoring and controlling, quantitative analysis has already been completed. Answer: B.

Topics

#Risk Management#Risk Monitoring and Controlling#Program Risk Management#Program Management Processes

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