Once the risks are identified, analyzed, risk responses implemented we need to check is it working as per the planned. As we know risk management is very dynamic and the responses which we planned or implemented may not work. So we need to reassess the risks which are open, closing the risks which are no longer exists and even we need to identify new risks. These actions will be taken care by Risk Reassessment technique. The frequency of monitoring to reassesses depends on size and complexity of project and also the severity and number of risks identified.
Risk Reassessment technique is used under the process Control Risks.
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