What are the requirements of monitoring risk?

What are the requirements of monitoring risk?

Each correct answer represents a part of the solution. Choose three.
A . Information of various stakeholders
B . Preparation of detailed monitoring plan
C . Identifying the risk to be monitored
D . Defining the project’s scope

View Answer

Answer: BCD

Explanation:

It is important to first understand the risk to be monitored, prepare a detailed plan and define the project’s scope for monitoring risk. In the case of a monitoring project, this step should involve process owners, data owners, system custodians and other process stakeholders.

Incorrect Answers:

A: Data regarding stakeholders of the project is not required in any phase of risk monitoring.