Implementing Risk Monitoring and Control

Please answer the following questions in 150 words or more:

Is monitoring and review essential to managing project risks? Why?

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Is monitoring and review essential to managing project risks? Why not?

What are the benefits of a risk management information system (RMIS) as described in the text?

What are the disadvantages of a risk management information system (RMIS) as described in the text?

Provide citation and reference to the material(s) you discuss. Describe what you found interesting regarding this topic, and why.

Describe how you will apply that learning in your daily life, including your work life.

Describe what may be unclear to you, and what you would like to learn.