PMI Risk Management Professional Practice Exam

How often should risks be monitored and reviewed during a project?

1. At milestone phases only

2. Only at the end of the project

3. At regular intervals throughout the project

4. Only during initial planning

The correct answer is: At regular intervals throughout the project

Monitoring and reviewing risks at regular intervals throughout the project is essential for effective risk management. This continuous approach allows project managers and teams to identify new risks, reassess existing risks, and adjust mitigation strategies as necessary. Risks can evolve based on project progress, external factors, or changes in stakeholder expectations, making it critical for teams to stay vigilant and responsive. By implementing a structured schedule for risk monitoring—such as during regular project status meetings or review sessions—project teams can ensure that risk management practices remain aligned with the project’s overall objectives and can adapt to any unforeseen challenges or opportunities that may arise. This proactive approach helps in minimizing the impact of risks and enhances the likelihood of project success.