2 PROJECT RISK MANAGEMENT (PMI, 2017)

Monitor Risks [4/3]

 Change requests. The Monitor Risks process may result in a change request to the cost and schedule baselines or other
components of the project management plan. Change requests are processed for review and disposition through the
Perform Integrated Change Control process.
 Project management plan updates. Any change to the project management plan goes through the organization’s change
control process via a change request. This may affect any component of the project management plan.
 Project documents updates. Project documents that may be updated as a result of carrying out this process include but are
not limited to:
 Assumption log. During the Monitor Risks process, new assumptions may be made, new constraints may be identified, and
existing assumptions or constraints may be revisited and changed.
 Issue log. Where issues are identified as part of the Monitor Risks process, these are recorded in the issue log.
 Lessons learned register. The lessons learned register is updated with any risk-related lessons learned during risk reviews
so these can be used on later phases of the project or in future projects.
 Risk register. The risk register is updated with information on individual project risks generated during the Monitor Risks
process.
 Risk report. As new information becomes available through the Monitor Risks process, the risk report is updated to reflect
the current status of major individual project risks and the current level of overall project risk.
 Organizational process assets that are updated as a result of the Monitor Risks process include but are not limited to:
 Templates for the risk management plan, risk register, and risk report; and
 Risk breakdown structure.