Part III: Integrated Monitoring and Control
Chapter 7 Risk Monitoring and Control
Chapter 8 Procurement Monitoring and Control
After the project manager has officially started the project and work activities are underway, it is assumed a risk management plan and a procurement management plan are in place. One important element included in each plan is the development of a monitoring and control system. As the project manager has invested time developing the risk management plan, which includes identification of risks, analysis of risks, and the development of risk response strategies, it would render their work pointless if work activities were not monitored for imminent risks. The critical element in being proactive, with regard to risk, is ...
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