This process implements risk response plans, identifies and tracks various risks throughout the life cycle of the project. This process improves efficiency of the risk approach and also enables project teams to identify new risks as they come along.
Lots of effort is put into identifying and developing risk management plans. The actual controlling of the risks and tracking is something that needs to stay in focus. My work organization implements some control risk measure at every meeting.
Control Risks: Inputs, Tools and Techniques, and Outputs. Reprinted from "A Guide to the Project Management Body of Knowledge (PMBOK Guide), 5th Edition" by Project Management Institute, 2013, p. 349. Copyright 2013 by PMI.Inc. Reprinted with out permission.
1. Risk Register (Input): This artifact was taken from PMGT 613. It was an assignment to develop a register which was eventually included in the group's risk management plan. The Risk Register is an input for the Control Risk process.
2. Variance and Trend analysis (Tools and Techniques): this assignment taken from PMGT 613. It related to early warning signs of risks and how to detect certain trends. This trend analysis can be used to help project managers control risks.
3. Change Request; preventative and corrective actions: (Outputs): This artifact was an assignment on risk responses. It was developed for the groups risk management plan from PMGT 613. It is an output for the Control Risk process.