Activity Information

Monitor Risks

Description

On a daily basis, monitor mitigation actions for completion, risk triggers, and risk materialization. Report risk status.

Responsible	Project Manager
Accountable	Project Manager

Element Categories	[CMMI Report 15] Triage, [CMMI Track 6] Operational Management, [CMMI Report 02] Bug Rates, [CMMI Report 06] Quality Indicators, [CMMI Level 2] PMC SP 1.3
When	Daily
Entry Criteria	Risks: A list of all project risks in the proposed, active, or resolved states. Reports: The Visual Studio Team System reports for MSF for CMMI® Process Improvement and any additional project management reporting that may be available. Issues: The open issue log for the project. Issues may indicate the occurrence of risk.
Exit Criteria	Risks: An updated list of risks. Contingency Plan: In the event of a risk occurring, release the contingency plan for implementation.
Is Required	Yes

Analyze Metrics and Trigger Data:

Examine project metrics, reports, and project management tracking for risk trigger information.
Select Risks for Mitigation Action:

If a risk mitigation has been triggered from input metrics and data, then change its state to active and move it to the Plan Mitigation activity.
Select Risks for Contingency Action:

If a risk has materialized and an occurrence is observed, authorize contingency action. Create the tasks described in the contingency plan, and assign them to individuals.
Report Risk Status:

Report an update on all risk status including current risk mitigation actions, metrics on risk triggers, and any contingency recovery actions underway.

WorkProduct	Input	Output	Allowable States
Risk			Active

Type	Name	Dependency Type
	Prioritize Risks for Mitigation	Finish-Start