person Author: Process Fellows
Risks should be tracked regularly in risk management for several important reasons:

• Risks Can Evolve Over Time: Risks are not static. Their likelihood, impact, or relevance can change due to internal or external factors such as project progress, market shifts, regulatory updates, or technical developments. Regular tracking ensures that the risk profile remains accurate and up to date.
• Enables Timely Mitigation: By monitoring risks continuously, teams can respond quickly when a risk becomes more critical or imminent. This allows for proactive mitigation strategies rather than reactive crisis management.
• Supports Decision-Making: Updated risk information helps stakeholders make informed decisions about priorities, resource allocation, and contingency planning. It ensures that decisions are based on current realities rather than outdated assumptions.