Monitor and Control Risks Flashcards

During risk monitoring, a previously identified risk has not occurred and its triggers are no longer relevant. What is the appropriate action?

Answer: Close the risk and update the risk register

Risks that are no longer relevant should be closed and documented in the risk register.

A risk audit is primarily used to evaluate what during Monitor Risks?

Answer: The effectiveness of risk responses and the risk management process

Risk audits examine and document the effectiveness of risk responses and the overall risk process.

What technique compares the amount of contingency reserve remaining to the amount of risk remaining at a point in time?

Answer: Reserve analysis

Reserve analysis compares remaining reserves against remaining risk to assess adequacy.

A new risk is discovered during project execution that was not in the risk register. What should the risk professional do first?

Answer: Identify and analyze the risk, then record it in the register

Newly emerging risks should be identified, analyzed, and added to the register through the ongoing process.

Which output of Monitor Risks captures the actual outcomes of project risks for future projects?

Answer: Lessons learned and organizational process asset updates

Lessons learned and updated organizational process assets capture risk outcomes for future use.

A response to an unplanned risk that has occurred but had no pre-planned response is called what?

Answer: A workaround

A workaround is an unplanned response to an occurring risk that had no contingency plan.

Technical performance measurement compares technical accomplishments against what?

Answer: The schedule of planned technical achievements

Technical performance measurement compares actual technical achievements to the planned schedule of accomplishments to reveal risk.