Risk Management Exam - Monitor and Control Risks

Below are my small notes for this process.  I used this in conjunction with the main notes, that I described in an earlier post.

• Process of implementing risk response plan, tracking risks, monitoring residual risks, identifying new risks, evaluating risk process effectiveness.
• Ensure project assumptions are valid.  Monitor contingency reserves.

Inputs	Tools	Outputs
Risk reg PMP Work performance information Performance reports	Risk reassessment Risk audits Variance & Trend Analysis Technical performance Measurements Reserve analysis Status meetings	Risk reg Org Process Assets Change requests PMP Project Docs

Org Process assets – Templates, RBS, Lessons learned

Change request – Contingency plan or workaround might require a CR

Recommended Corrective action – Contingency plan / workaround (unplanned, unidentified)

Recommended Preventative Actions – Documented direction to reduce probability of negative consequences