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11 - PROJECT RISK MANAGEMENT

11.6 control risks

Control Risks is the process of implementing risk response plans, tracking identified risks, monitoring residual
risks, identifying new risks, and evaluating risk process effectiveness throughout the project. The key benefit of
this process is that it improves efficiency of the risk approach throughout the project life cycle to continuously
optimize risk responses. The inputs, tools and techniques, and outputs of this process are depicted in Figure 11-20.
Figure 11-21 depicts the data flow diagram of the process.

Inputs Tools & Techniques Outputs
.1 Project management plan .1 Risk reassessment .1 Work performance
.2 Risk register .2 Risk audits information
.3 Work performance data .3 Variance and trend .2 Change requests
.4 Work performance analysis .3 Project management plan
reports .4 Technical performance updates
measurement .4 Project documents
.5 Reserve analysis updates
.6 Meetings .5 Organizational process
assets updates
11
Figure 11-20. control risks: Inputs, tools & techniques, and outputs

Project Risk Management
4.2 Project
Develop Project Documents
Management 11.2 • Project
Plan Identify documents
Risks updates
4.4 • Risk register
Monitor and 4.2
Control Project • Project Develop Project
Work management Management
plan Plan
• Work performance 11.6 • Project management
reports Control plan updates 4.5
Risks Perform
4.3 • Work • Change requests Integrated
Direct and performance Change Control
Manage data
Project Work
• Work performance 4.4
information Monitor and
Control Project
Work

• Organizational process
assets updates Enterprise/
Organization

Figure 11-21. control risks data Flow diagram

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