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11 - PROJECT RISK MANAGEMENT
11.6.1.3 Work Performance data
Described in Section 4.3.3.2. Work performance data related to various performance results possibly impacted
by risks includes, but is not limited to:
• Deliverable status,
• Schedule progress, and
• Costs incurred.
11.6.1.4 Work Performance reports
Described in Section 4.4.3.2. Work performance reports take information from performance measurements
and analyze it to provide project work performance information including variance analysis, earned value data, and
forecasting data. These data points could be impactful in controlling performance related risks.
11.6.2 control risks: tools and techniques
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11.6.2.1 risk reassessment
Control Risks often results in identification of new risks, reassessment of current risks, and the closing of risks
that are outdated. Project risk reassessments should be regularly scheduled. The amount and detail of repetition
that are appropriate depends on how the project progresses relative to its objectives.
11.6.2.2 risk Audits
Risk audits examine and document the effectiveness of risk responses in dealing with identified risks and their
root causes, as well as the effectiveness of the risk management process. The project manager is responsible for
ensuring that risk audits are performed at an appropriate frequency, as defined in the project’s risk management
plan. Risk audits may be included during routine project review meetings, or the team may choose to hold separate
risk audit meetings. The format for the audit and its objectives should be clearly defined before the audit is conducted.
®
©2013 Project Management Institute. A Guide to the Project Management Body of Knowledge (PMBOK Guide) – Fifth Edition 351
Licensed To: Jorge Diego Fuentes Sanchez PMI MemberID: 2399412
This copy is a PMI Member benefit, not for distribution, sale, or reproduction.
