Which project management process is responsible for these actions?

You are the project manager of the GHY Project for your company. You need to complete a project management process that will be on the lookout for new risks, changing risks, and risks that are now outdated.

Which project management process is responsible for these actions?
A . Risk planning
B . Risk monitoring and controlling
C . Risk identification
D . Risk analysis

View Answer

Answer: B

Explanation:

The risk monitoring and controlling is responsible for identifying new risks, determining the status of risks that may have changed, and determining which risks may be outdated in the project.

Incorrect Answers:

A: Risk planning creates the risk management plan and determines how risks will be identified, analyzed, monitored and controlled, and responded to.

C: Risk identification is a process that identifies risk events in the project.

D: Risk analysis helps determine the severity of the risk events, the risks’ priority, and the probability and impact of risks.