Monitor Risks keeps the risk picture current: it tracks whether responses are working, watches identified risks for changes, identifies emerging risks, and checks that risk processes are still effective. It produces work performance information and feeds change requests.
Reserve analysis shows whether contingency is adequate for the remaining risk, and audits assess whether the risk process itself is delivering value. The output keeps reserves, responses, and the risk report aligned with reality.
Common pitfalls. Letting the risk register go stale; tracking old risks while missing emerging ones; assuming responses are working without checking; and never auditing whether the risk process is actually adding value.
Inputs, Tools & Techniques, and Outputs
Inputs
- Project management plan
- Project documents
- Work performance data
- Work performance reports
Tools & Techniques
- Data analysis
- Audits
- Meetings
Outputs
- Work performance information
- Change requests
- Project management plan updates
- Project documents updates
- Organizational process assets updates