During the project's lifecycle, project risk managers must monitor any risks and address risk responses. What does this level of monitoring consist of?

Question

Options

• ACarry out the agreed risk response action should the risk occur.
• BProvide a numerical estimate of the overall effect of risk on the objectives.
• CTrack identified risks and maintain the viability of response plans.
• DDevelop the overall risk management strategy for risk integration.

• A
  7% (2)
• B
  3% (1)
• C
  87% (26)
• D
  3% (1)

Explanation

Risk monitoring is an ongoing process throughout the project lifecycle. Its core function is to track previously identified risks (observing whether triggers are met, whether probabilities or impacts have changed), watch for new risks, and continually verify that existing response plans remain appropriate, feasible, and effective given the current project state. Carrying out a response when a risk occurs (A) describes risk response implementation, not monitoring. Providing a numerical estimate of overall risk effect (B) describes quantitative risk analysis. Developing the overall risk management strategy (D) describes the risk planning process that occurs at the beginning of the project.

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