Risk Monitoring and Control

Risk Monitoring and Control in project risk management involves continuously checking and assessing the risks that could impact a project. It means keeping an eye on potential problems, evaluating how well strategies to manage those risks are working, and making necessary adjustments as the project progresses. This ensures that any new risks are identified early, and effective actions are taken to mitigate their impact. Ultimately, it helps keep the project on track and within budget, while achieving its goals by proactively managing uncertainties.