PMP Certification Training - Monitor Risk

The video tutorial covers the process of monitoring risks in project management. It explains the importance of having a comprehensive view of the project to effectively manage risks. The tutorial discusses the inputs required for risk monitoring, such as the risk management plan and project documents. It highlights the role of work performance data and reports in assessing risk responses and making informed decisions. Various data analysis techniques are introduced to evaluate risk management effectiveness. The tutorial also covers risk audits, response planning, and the outputs of the risk monitoring process, including updates to the risk register and organizational assets.

What is the primary purpose of conducting a risk audit?

• To identify new risks

• To evaluate the effectiveness of the risk management process

• To create new risk response plans

• To update the project schedule

Which document provides guidance on how and when risks should be reviewed?

• Risk Register

• Issue Log

• Risk Management Plan

• Lessons Learned Register

What type of data includes information on project status and risk responses?

• Stakeholder Register

• Risk Report

• Work Performance Data

• Project Charter

Which analysis technique helps determine if progress is on track by measuring technical performance?

• Forecasting

• Technical Performance Measurement

• Variance Analysis

• Earned Value Analysis

What is the purpose of reserve analysis in risk management?

• To identify new risks

• To determine if the reserve is sufficient for remaining risks

• To update the risk register

• To conduct risk audits

What should be updated when a risk event occurs or a risk is closed?

• Risk Register

• Project Schedule

• Stakeholder Register

• Project Charter

Which process must change requests be processed through?

• Perform Integrated Change Control

• Risk Management Planning

• Project Closure

• Stakeholder Engagement