What does 'risk monitoring' involve?

Risk monitoring involves continuously tracking identified risks throughout a project or business operation. This process ensures that any changes in risk status are detected promptly, allowing for timely responses and adjustments to mitigation strategies. By consistently monitoring risks, organizations can identify when risks change in likelihood or impact, and new risks that may emerge. This ongoing vigilance helps maintain the effectiveness of risk management processes and contributes to better decision-making.

The other options do not relate to the core concept of risk monitoring. Documenting all financial transactions pertains to financial management rather than risk, assessing employee performance focuses on human resources and management, and avoiding discussions about risks directly contradicts the proactive nature of risk monitoring.