Risk Monitoring & Reporting

Question 1

What is Risk Monitoring?

Answer 1

Tracking risks, assessing new risks, executing response plans and evaluating their effectiveness during a projects lifecycle

Question 2

What is Residual Risk?

Answer 2

Likelihood of impact after implementing mitigation, transference, or acceptance measures on the initial risk

Question 3

What is Control Risk?

Answer 3

Assessment of how a security measure has lost effectiveness

Question 4

What is Risk Reporting?

Answer 4

The process of communicating information about risk management activities

Question 5

Explain Informed Decision-making in Risk monitoring and reporting

Answer 5

Offer insights for informed decisions on resource allocation, project timelines, and strategic planning

Question 6

Explain Risk Mitigation in Risk monitoring and reporting

Answer 6

Recognize when a risk is escalating to mitigate it before becoming an issues

Question 7

Explain Stake Holder Communication in Risk monitoring and reporting

Answer 7

Assist in setting expectations and showing effective risk management

Question 8

Explain Regulatory Compliance in Risk monitoring and reporting

Answer 8

Demonstrate compliance with these regulations