On a software development project the team identified risks. One risk materialized, the project manager consulted the risk management plan, applied the chosen response, and then closed the risk. When was the risk moved from the risk register to the issue log?

A risk is moved from the risk register to the issue log when it materializes or "occurs." The risk register tracks potential future events, while the issue log tracks events that have already happened and require resolution. Once a risk occurs, it transitions from being a potential problem to an actual problem (an issue) that needs to be managed. "Risk monitored" is an ongoing process before occurrence. "Risk managed" describes the overall process of dealing with risks, not the specific point of transition. "Risk identified" is the initial step of recognizing a risk, long before it becomes an issue.