What are the requirements of monitoring risk? Each correct answer represents a part of the solution. Choose three. 

Answer options:

A. Information of various stakeholders
B. Preparation of detailed monitoring plan
C. Identifying the risk to be monitored
D. Defining the project`s scope

BCD

It is important to first understand the risk to be monitored, prepare a detailed plan and define the project`s scope for monitoring risk. In the case of a monitoring project, this step should involve process owners, data owners, system custodians and other process stakeholders. Incorrect Answers: A: Data regarding stakeholders of the project is not required in any phase of risk monitoring.