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Identification of new risks, reassessment of current risks, and closing of risks that are outdated is known as _____________________.
risk audits
risk reassessment
variance and trend analysis
technical performance measurement
This is a standard definition used in the PMBOK Guide under Project Risk Management under controlling risks process. Risk Reassessment Control Risks often results in identification of new risks, reassessment of current risks, and the closing of risks that are outdated. Project risk reassessments should be regularly scheduled. The amount and detail of repetition that are appropriate depends on how the project progresses relative to its objectives.
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