Monitor Risks Process

Monitor risks process is generally applied following successful identification and analysis of risks. In the process of risk identification, all the risks that may occur within the project are described as best they can be. An unlimited number of resources, models, methods, and artifacts for this identification process were used.

However, does all of this really prevent the emergence of a new risk? Or is it unlikely that there are also risks that we couldn't detect in the first place in some way?

Even if we do a lot of risk identification for our different projects, there will always be a lot of undefined risks. It's a normal part of risk management to see what happens when things happen, which sometimes also means discovering new risks. The process of monitoring risks is not a momentary glance, but requires alertness, intelligence, assessment, and persistence. Risk monitoring is an opportunity to double check that there are no overlooked risks.

Another purpose of the risk monitoring process is to confirm whether the risk response plans defined or risk responses are optimized and created for the risks that have been quantitatively and qualitatively analyzed are correct. In this way, it is clarified whether the optimized risk responses are still compatible with the changing project conditions. After doing all this, as the project features become clear, such as an upcoming wave, as the project matures, the number of undefined risks will be minimized.

Monitor risks process is used as a part of process groups and processes model in predictive lifecycles. It is a part of risk management knowledge area. It is also related to 

Inputs to the Monitor Risks Process

Methods used in Monitor Risks Process
See also:

1- Steven 19.01.2022
Thanks for the information. Btw, isn't risk management plan an input to the process in PMBOK 6 and PMP exam?

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