The portfolio risk register is developed and:

Question

Options

• Acompiled from the risk registers received from the individual portfolio components.
• Bmaintained by the portfolio manager over the life of the portfolio.
• Cupdated after a review of changes at a project team meeting.
• Dupdated after steering committee meetings as part of the change management process.

• A
  3% (1)
• B
  87% (34)
• C
  8% (3)
• D
  3% (1)

Explanation

The portfolio risk register is a living document owned by the portfolio manager. It is continuously updated as the portfolio evolves, new risks emerge, and existing risks change in status or impact. It is not simply a compilation of component-level risk registers (A) - portfolio risks exist at a higher strategic level and may not appear in any individual component register. Updating it only after project team meetings (C) or steering committee meetings (D) would make it reactive and episodic rather than continuously maintained, which is insufficient for portfolio-level risk oversight.

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