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The last element of the risk management plan is your plan to monitor and control risks for the Pepsi Refresh Project case study.
Address the following items for monitoring and controlling project risks in the provided Risk Management Plan Template:
Describe the method(s) you will use to monitor if risks are being triggered.
Describe the method(s) you will use to identify and plan responses to newly identified risks.
Describe the method(s) you will use to review and update any contingency reserves.
Describe the timing on all of the above. For example, some you may do daily, others weekly, others monthly. Perhaps these tasks will be done as part of your regular status meetings or at special meetings to discuss risk.
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