Certified Governance Risk and Compliance (CGRC) Practice Exam 2025 – All-in-One Guide to Master Your Certification!

Risk monitoring and control is a key process within the project risk management knowledge area. This process involves tracking identified risks, monitoring residual risks, and identifying new risks throughout the project's life cycle. It helps ensure that risk responses are executed as planned and that any adjustments can be made to the response strategies.

This continuous oversight allows project managers to maintain control over risk exposure and take proactive measures if risks materialize or change in severity. By effectively monitoring and controlling risks, a project team can keep the project on track, enhance performance, and maximize the likelihood of achieving project objectives.

The other processes listed, such as qualitative risk analysis, potential risk monitoring, and risk management planning, also play significant roles in the broader risk management framework but fall into different specific categories or stages of the risk management process. For instance, qualitative risk analysis focuses on prioritizing risks based on their probability of occurrence and impact, while risk management planning deals with defining how risk management activities will be conducted throughout the project. Potential risk monitoring is not a standard term commonly recognized in the project management framework, thus it may refer to general monitoring rather than a defined process.