Monitor Risks Maintain and update the risk register Implement meaningful risk response plans Perform active change control Audit, evaluate and adapt IM 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. + Element Explanation (Why, How, When and Who) (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) elements listed above which is more likely to make a project fail if not done operly with a clear view of the risk involved or generated in the process