You are working as a project manager in your organization.
You are nearing the final stages of project execution and looking towards the final risk monitoring and controlling activities.
For your project archives, which one of the following is an output of risk monitoring and control?
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A. B. C. D.C.
The correct answer is C. Requested changes.
Risk monitoring and control is a process of tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans, and evaluating their effectiveness throughout the project lifecycle. It is a continuous process that helps to ensure that risks are identified, assessed, and managed throughout the project.
During the risk monitoring and control process, the project manager and project team will assess the effectiveness of the risk response plans, track the status of the risks, and make any necessary changes to the project plan based on the risks that are identified.
The output of risk monitoring and control is typically requested changes. These requested changes could be changes to the project plan, changes to the risk management plan, or changes to other project documents. Requested changes are submitted to the change control board (CCB) for review and approval.
Quantitative risk analysis and qualitative risk analysis are two different techniques used to assess and evaluate risks. They are not outputs of risk monitoring and control, but rather inputs that are used to identify and assess risks.
Risk audits are also not outputs of risk monitoring and control. They are a separate process that is used to evaluate the effectiveness of the risk management process and identify areas for improvement.
In summary, the correct answer is C. Requested changes is an output of risk monitoring and control, as it represents the changes that are made to the project plan based on the identified risks.