The key task at this stage of RAMP is the monitoring of risks included in the residual risk analysis, risk mitigation strategy and the risk response plan. Other risks also need to be monitored regularly including those in the remaining stages of the investment life-cycle - not only the risks occurring in the present stage. Any significant changes in risk or new risks should be reported and assessed immediately.

Regular monitoring of risks can be undertaken by studying events, situations or changes (sometimes called 'trends'), which could potentially affect risks during the normal management and progress of an investment.

These trends must be systematically identified, analysed and monitored on a regular basis by scrutinising reports, letters, and notes on visits, meetings and telephone conversations. The results are entered in trend schedules. Ideally, these should be considered at regular progress meetings involving key members of the management team.

Finally, the fundamental merits of the investment -whether or not it is worthwhile -should be continually assessed and a risk review set in hand when events occur which appear to have significantly altered the risk profile of the project.