8STEP 5—MONITORING PROJECT RISKS

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As the diagram above suggested, this last step of the risk management process differs from preceding ones. Whereas you generally conduct the other steps once per project, this one is an ongoing activity to ensure that your action plans are making progress, that successful plans are retired, and that any significant new or growing risks are taken under management. This is where the payoff from risk management occurs, but it occurs only if you are vigilant in monitoring your program. We observed in Chapter 1 that some organizations do well up to this point, but then fail to follow through—much to their embarrassment ...

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