A project manager identifies a risk that has a high probability of occurring.

[:, The PMBOK® Guide – Sixth Edition provides guidelines on risk management processes which include monitoring risks. It emphasizes the importance of keeping track of identified risks, monitoring residual risks, and reviewing the execution of risk responses while evaluating their effectiveness throughout the project lifecycle1., The Practice Standard for Project Risk Management by PMI also supports this approach, detailing how monitoring and controlling risks is a critical part of the risk management process2., Additionally, the PMP Exam Content Outline from PMI outlines the tasks associated with monitoring risks, which includes implementing risk response plans, tracking identified risks, and evaluating risk process effectiveness over the project’s duration3., ]