The Risk Management Workbook contains the project's risk management plan, which describes the approach that will be used to maintain adequate control over all project risk.
During project execution, use this workbook to track each risk, and close risks that have already occurred or are no longer relevant to the project. Evaluate the cause of the risk, its actual impact on the project, and the success of your response plan.
Risks should be reassessed at regular intervals. This is a living document that must be continually updated as the project is executed. Continue to add new risks that arise as the project progresses.