Monitor Risks

Inputs Tools and Techniques Outputs
  • Risk Management Plan
  • Risk Register
  • Project Management Plan
  • Work Performance Data
  • Organizational Process Assets
  • Risk Reviews
  • Variance and Trend Analysis
  • Technical Performance Measurement
  • Reserve Analysis
  • Risk Audits
  • Status Meetings
  • Risk Register Updates
  • Work Performance Information
  • Change Requests
  • Project Management Plan Updates

Details:

Risk Register: This document contains a list of identified risks along with their attributes such as description, potential causes, potential impacts, risk owner, and initial assessment of probability and impact.

Risk Management Plan: Provides guidance on how qualitative risk analysis will be conducted, including the scales for assessing probability and impact, the criteria for prioritizing risks, and the roles and responsibilities of the project team.

Project Management Plan: Other components of the project management plan, such as scope, schedule, cost, quality, and communication management plans, may provide additional context for monitoring risks.

Work Performance Data: Information on project performance, progress, issues, and risks gathered during project execution. This data serves as input for monitoring risks and assessing the effectiveness of risk responses.

Organizational Process Assets: Lessons learned, historical information, and other organizational knowledge that can help in closing out the project effectively.

Risk Reviews: Conducting regular reviews of the risk register to assess the status of identified risks, evaluate the effectiveness of risk responses, and identify new risks.

Variance and Trend Analysis: Analyzing variances and trends in project performance data to identify deviations from the planned risk response strategies and assess their impact on project objectives.

Technical Performance Measurement: Monitoring technical performance indicators related to project risks to identify any early warning signs of potential risk occurrences.

Reserve Analysis: Reviewing contingency reserves and management reserves to ensure they are adequate to address identified risks and any new risks that may arise.

Risk Audits: Conducting risk audits to evaluate the effectiveness of risk management processes and identify areas for improvement.

Status Meetings: Holding regular meetings with project stakeholders to discuss the status of identified risks, review risk response strategies, and address any new risks or issues that arise.

Risk Register Updates: The primary output of the Perform Qualitative Risk Analysis process is an updated Risk Register. This document includes qualitative assessments of risks based on their probability and impact, as well as their prioritization for further analysis and response planning.

Work Performance Information: Information on the status of identified risks, the effectiveness of risk response strategies, and any changes in project risk exposure resulting from monitoring activities.

Change Requests: Requests for changes to project documents, deliverables, or processes resulting from the monitoring of risks. These changes may include updates to the project management plan, risk register, or other project documents.

Project Management Plan Updates: Updates to the Risk Management Plan and other relevant components of the project management plan based on the results of qualitative risk analysis.