PMI-RMP Certification Training - Monitor Risks Process

The video tutorial covers the process of monitoring risks in project management. It explains how to track identified risks, analyze new risks, and evaluate the effectiveness of risk responses. The tutorial highlights the importance of continuous monitoring throughout the project lifecycle to ensure informed decision-making. It also discusses the need to validate project assumptions, adhere to risk management policies, and adjust contingency reserves as necessary. The monitor risk process is essential for maintaining awareness of risk exposure and ensuring the project's risk management strategy remains effective.

What are the key benefits of the monitor risk process?

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Why is it important to continuously monitor project work for new and changing risks?

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How does the monitor risk process determine the effectiveness of implemented risk responses?

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What actions should be taken if a risk response is not effective?

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What should be validated to ensure the risk management approach is still appropriate for the project?

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