Monitor Risks

Correct Answer: Perform trend analysis to identify patterns and adjust response strategies accordingly

According to PMI-RMP guidelines, when risk responses become ineffective, performing trend analysis to identify patterns and adjusting response strategies is the best course of action. Here's why: Correct Answer Explanation: - Trend analysis helps identify underlying causes of response ineffectiveness - It enables data-driven decisions for strategy adjustments - It aligns with PMI's emphasis on continuous monitoring and adaptive response - It provides a systematic approach to improve risk management effectiveness Why other options are incorrect: Creating a stakeholder engagement plan is excessive and doesn't address the core issue of ineffective responses Scheduling additional risk review meetings is reactive and time-consuming, focusing on discussion rather than analysis and action Simply documenting ineffective responses and waiting for the next assessment is passive and could leave the project exposed to risks that need attention now

Correct Answer: The number of risks that moved from high to low priority over time

The movement of risks from high to low priority over time is the best metric for measuring risk management effectiveness because: It demonstrates actual risk reduction and the success of mitigation strategies It shows tangible progress in managing project threats It provides quantifiable evidence that risk responses are working Why other options are inadequate: The total count of risks in the register merely indicates identification activity, not management effectiveness Team participation percentage is a process metric that doesn't necessarily correlate with successful risk reduction The frequency of review meetings measures activity levels but not the actual outcomes of risk management efforts The best metric focuses on results - actual reduction in risk levels - rather than just measuring process activities or participation rates.

Correct Answer: Risk audit results and findings report

A Risk audit results and findings report is the most appropriate document for analyzing the effectiveness of risk triggers. Here's why: The risk audit specifically evaluates: - How well risk triggers are performing - The accuracy of trigger identification - The timing of trigger activation - The effectiveness of risk responses when triggers occur This document provides structured feedback on the entire risk monitoring process and helps identify areas for improvement in trigger definition and implementation. The other options are less suitable because: Project performance reports focus on general project metrics rather than specifically on risk trigger effectiveness. Variance analysis and trend documentation primarily track deviations from the baseline and historical patterns, not trigger effectiveness. Risk response tracking sheets monitor the implementation of responses but don't specifically evaluate the effectiveness of the triggers that initiated those responses.