PM 584 Week 5 Risk Reporting and Monitoring
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PM 584 Week 5 Risk Reporting and Monitoring
PM 584/ Project Risk Management
Risk Monitoring and Risk Reporting
Within project risk management, risk monitoring is last major element. Risk management is a process of planning and organizing. Risk management is an important process and is important as financial, marketing, strategic, human resource planning. Like most good planning, risk management should be on-going or continual. Once the risk management plan is in place, monitoring the risk means to review and update it continuously. There are certain methods in monitoring risk, and a few that are used in organizations are : identify new risk as soon as possible, determine where and how to handle that risk, and seek out other risk that might be reduced or eliminated and no longer...