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Definition: Project risk reviews should be regularly scheduled. Project risk should be an agenda item at all team meetings. Risk ratings and prioritization may change during the life of the project. Any changes may require additional qualitative or quantitative analysis.

Acceptance Level:  Generally accepted

Alternative or Related Terms: Risk monitoring and control

Application Areas/Intended Uses: Periodic Project Risk Reviews are a tool or technique used in risk monitoring and control.

Chief Advantages: Periodic project risk reviews help ensure that fluctuations in risk are identified and factored into the project on an ongoing basis.