Which of the following describes 'risk monitoring' in risk management?

Risk monitoring in risk management primarily refers to tracking the effectiveness of risk control measures. This process involves continuously assessing and reviewing the implemented strategies that are designed to mitigate identified risks. By monitoring these measures, organizations can determine whether they are successful in reducing potential threats, ensure compliance with risk policies, and make necessary adjustments to enhance performance.

This approach enables companies to remain proactive rather than reactive, allowing for timely interventions when a risk control measure is not performing as intended. Effective risk monitoring can involve a variety of activities, such as analyzing incident reports, reviewing risk registers, and conducting audits or assessments of risk management processes.

The other options highlight important business activities but are not centered on the core aspect of risk monitoring. Regularly reviewing the external market is beneficial for understanding the macroeconomic environment, evaluating staff performance is crucial for human resource management, and marketing new products relates to business development rather than risk management. Thus, focusing on the effectiveness of risk control measures is the primary essence of risk monitoring.