Monitor risks against those identified in the project plan.

Refer to the Project Planning process area for more information about identifying project risks.

Refer to the Risk Management process area for more information about identifying potential problems before they occur so that risk handling activities can be planned and invoked as needed across the life of the product or project to mitigate adverse impacts on achieving objectives.

Example Work Products

1.    Records of project risk monitoring

Subpractices

1.    Periodically review the documentation of risks in the context of the project’s current status and circumstances.

2.    Revise the documentation of risks as additional information becomes available.

As projects progress (especially projects of long duration or continuous operation), new risks arise. It is important to identify and analyze these new risks. For example, software, equipment, and tools in use can become obsolete; or key staff can gradually lose skills in areas of particular long-term importance to the project and organization.

3.    Communicate the risk status to relevant stakeholders.