(1) Maintain and update the risk register (2) Implement meaningful risk response plans (3) Perform active change control (4) Audit, evaluate and adapt Finally, of the four (4) eleme properly with a clear view of the risk involved or generated in the process? Implement meaningful risk response plans Audit, evaluate and adapt Perform active change control Maintain and update the risk register The process of Monitoring Risks tends to be a bit underestimated but through this process is how we maintain control of risks on the project. It is CRUCIAL to the success of any project. For each of the above four (4) key elements of monitoring risks, please describe why this is important, how it is done, when and by whom. Remember to list the references you use when researching this topic. nts listed above which is more likely to make a project fail if not done