Role

Managing Risk

1

Project Manager

Monitor the current risk plans

The project manager needs to monitor the Risk Management Plans to ensure the risks are successfully managed. New activities should be added if it looks like the risk is not being managed successfully.

2

Project Manager

Look for new risks

The project manager also needs to periodically evaluate risks throughout the project based on current circumstances. New risks may arise as the project is unfolding and some risks that were not identified up-front may become visible at a later date. It is also possible that previously identified, lower level risks may become medium or high risks at a later time. This ongoing risk evaluation should be performed on a regular basis or at the completion of major milestones.