The project manager and team are monitoring and controlling risk. They are reviewing the risk register and the risk management plan. Which other significant source of information should they consult?

1. Performance reports
2. Risk audits
3. Variance and trend analysis
4. Reserve analysis

The correct answer is 1.

Performance reports provide work performance information, earned value data, etc., which is information that will enable the project manager and team to determine whether the cost and schedule have been impacted. Risk audits would help them examine the efficiency of the risk management process. Variance and trend analysis is only one part of the performance report; they need all parts. Reserve analysis allows them to compare the remaining risks with the remaining reserves.

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