This PPT slide, part of the 84-slide Risk Management in a Project Portfolio Management (PPM) Context PowerPoint presentation, outlines the process of updating risk-related records during the implementation of initiatives. It emphasizes the importance of maintaining an accurate risk register, which is crucial for tracking various risk factors such as probability, impact, and expected monetary value (EMV). The ongoing update of this register allows for a better understanding of the overall risk exposure and the effectiveness of the risk responses in place.

Key points include the necessity of monitoring the trend of risk movements. This trend analysis helps determine if the current risk management strategies are working or if adjustments are needed. The slide also notes that new risks may emerge during the initiative, while some risks may become irrelevant and should be closed. This dynamic approach ensures that the risk management process remains relevant and effective throughout the project lifecycle.

Furthermore, it mentions that aggregate risk exposure is recalculated at significant milestones or during exceptional situations, ensuring that decision-makers have the most current information. Regular risk progress reports are generated and integrated into the overall initiative progress, which aids in maintaining alignment between risk management and project execution.

Overall, the slide serves as a reminder of the iterative nature of risk management and the need for continuous updates to ensure that risks are effectively managed and that the project stays on track.

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Risk Management Project Management Progress Report Portfolio Management