Including project risks as a permanent agenda item in periodic project progress meetings helps in several ways:
1. Monitoring Variances and Trends (A): Regular discussions on risks allow the project team to monitor any variances and trends in the project's risk profile. This ongoing assessment ensures that any deviations from the expected risk levels are promptly identified and addressed.
2. Utilization of Lessons Learned (C): Frequent risk discussions enable the project team to apply lessons learned from previous risks more effectively. This helps in refining risk responses and improving the overall risk management process.
3. Updating the Risk Register and Closing Out Expired Risks (E): Regular meetings ensure that the risk register is consistently updated, including the closure of risks that are no longer relevant or have expired. This keeps the risk management documentation current and accurate, which is essential for effective project management.