Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. Risk is part of project, program and portfolio management and has a different exposure in each and every one. Which of the following highlights this difference?

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D. Project and Program risks are risks within the boundaries of the project or program, while portfolio Project and program risks are identified and managed within the defined boundaries of those components, affecting their specific deliverables and objectives. Portfolio risks, by contrast, are strategic in nature and can span across multiple components or affect the organization's ability to achieve its strategic goals.

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A. Project and Programs risks are combined in order to develop the portfolio risk register as an Portfolio risk registers are not simply aggregations of project and program risks - portfolio-level risks are distinct strategic risks that exist independently.

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B. Risks at project and programs level can be eliminated, but not at portfolio level Risks cannot be fully eliminated at any level - they can only be mitigated, transferred, accepted, or avoided at project, program, and portfolio levels alike.

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C. Portfolio risks are inter-components risks, while program and project risks are not Portfolio risks are not exclusively inter-component risks; they also include strategic, market, and environmental risks that transcend component interactions.

Managing risk is key to the success of any initiative. Risk is considered to be inherent in any activity we do in project management and at any level. Risk is part of project, program and portfolio…

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