define the critical details that will be monitored and reported and as well as establishing the expectations and audience for communication.

Monitor and Report Offer a continuing monitor and report on each risk process.

• Monitoring risk is a continuous activity that results in the awareness of what is actually happening across different parts of the organization. Over time, monitoring risk enables management to:

• identify critical trends • respond in an appropriate and efficient manner • spot business opportunities or process improvements that would otherwise not have

been apparent without effective monitoring in place • Reporting risk is the process of communicating real-time risk and performance data to

different stakeholders.

Provide a plan for continuous monitoring and reporting of risks within your organization. This plan should define the critical details that will be monitored and reported and as well as establishing the expectations and audience for communication. Compose your assignment in APA Format, including in-text citations and an APA-style title reference page for any outside resources used.

Memo Using information from the task above, answer the questions below. At least 3 sentences for

each question:

1. What was the focus of the course work this week?

2. What were the topics?

3. How does it relate to your work?