11.7 Monitor Risks (Proj. Risk MGMT) Flashcards
what is 11.7 monitor risks? (4)
- monitoring implementation of risk response plan
- tracking ID’d risks
- ID’ing and analyzing new risks
- evaluating risk process effectiveness throughout project
what is the key benefit to 11.7 monitor risks?
enables project decisions to be based on the current information about overall project risk exposure and individual project risks
when is 11.7 monitor risks performed during a project?
throughout
11.7 monitor risks - inputs (4)
- project management plan (risk management plan)
- project documents (4)
- work performance data
- work performance reports
what project document inputs are relevant to 11.7 monitor risks? (4)
a. issue log
b. lessons learned register
c. risk register
d. risk report
11.7 monitor risks - tools and techniques (3)
- data analysis (2)
- audits
- meetings
what data analysis tools and techniques are relevant to 11.7 monitor risks? (2)
a. technical performance analysis
c. reserve analysis
11.7 monitor risks - outputs (5)
- work performance information
- change requests
- project management plan updates (any component)
- project document updates (5)
- OPA updates
what project document update outputs are relevant to 11.7 monitor risks? (5)
a. assumption log
b. issue log
c. lessons learned register
d. risk register
e. risk report
what is technical performance analysis?
objective, quantifiable measures of technical performance are compared against actual targets
what is reserve analysis?
compares the amount of contingency reserves remaining to the amount of risk remaining
what risk register updates may occur as outputs during 11.7 monitor risks? (4)
- adding new risks
- updating outdated risks
- updating risks that were realized
- updating risk responses
