Controlling: Continuing Risk Management
The bitterness of poor quality remains long after the sweetness of meeting the schedule has been forgotten.
As defined by the Project Management Institute in the PMBOK® Guide, continuing risk management is part of the project controlling processes, as pictured in Figure 5-1. Continuous risk management is as important as risk planning. It is one thing to plan for risks that may occur; it is another to ensure that previously identified risks and assumptions do not introduce the possibility of failure.
Figure 5-2 outlines a process for continuing risk management. As shown, there are ...