Summary

In this chapter, you covered all of the risk management processes, including identification of risks and qualitative and quantitative risk management, which resulted in updates to your risk register to allow your team to determine the best responses, the best risk owners, and any triggers you identified that help your risk owners implement their responses during project execution. Finally, you covered the monitor risks process, which is designed to keep an eye on currently identified risks and identify new risks, while keeping track of whether responses worked and, if not, why not.

In the next chapter, you'll review another important topic, procurement management, which includes planning for procurement, conducting procurements, and controlling procurements. Risk and procurement are often tested on together due to the different contract types and who bears the cost risks, depending on the chosen agreements. While you are not expected to have an in-depth knowledge of...