Monitor and control the risk management process against the plan for performing the process and take appropriate corrective action.
Elaboration:
Examples of measures and work products used in monitoring and controlling include the following:
· Number of risks identified, managed, tracked, and controlled
· Risk exposure and changes to the risk exposure for each assessed risk, and as a summary percentage of management reserve
· Change activity for the risk mitigation plans (e.g., processes, schedule, and funding)
· Occurrence of unanticipated risks
· Risk categorization volatility
· Comparison of estimated versus actual risk mitigation effort and impact
· Schedule for risk analysis activities
· Schedule of actions for a specific mitigation