Control risks is one of the processes in the monitoring and controlling PMI process group and risk management knowledge area. This process maintains information about risks, tracking and updating previously identified risks as well as adding new risks and evaluating them. Control risks also develops plans for responding to risks, including contingencies and handling residual risks.

According to the PMBOK, this activity has the following characteristics:

Inputs Tools and Templates Outputs
project management plan, risk register, work performance data, work performance information risk reassessment, risk audits, variance and trend analysis, technical performance measurement,reserve analysis, meetings work performance information, change requests, project management plan updates, project documents updates, organizational process assets updates

Related: risk management plan, risk

The control risks process is described in section 11.6 of the PMBOK fifth edition.