____ involves monitoring identified and residual risks,identifying new risks,carrying out risk response plans,and evaluating the effectiveness of risk strategies throughout the life of the project.
A)Performing quantitative risk analysis
B)Planning risk responses
C)Monitoring and controlling risk
D)Performing qualitative risk analysis

Question

Quizplus · Accepted Answer

Monitoring and controlling risk involves constantly monitoring identified and residual risks, identifying new risks that may arise, implementing risk response plans, and evaluating the effectiveness of risk strategies throughout the project lifecycle. This process is vital to ensure that the project stays on track and that any potential risks are quickly identified and addressed to avoid negative impacts on the project's objectives.

____ Involves Monitoring Identified and Residual Risks,identifying New Risks,carrying Out