You are managing a complex portfolio with high risk levels due to emerging technological breakthroughs and a short benefit window to market your product. You know that managing risk is key to…

Question

Options

• AUpdates standard criteria to allow the portfolio team to assess the risks that are identified
• BIdentifies recipients for information associated with the portfolio management process
• CShows how the portfolio component progress and resource-related issues and risks are
• DArticulates the options, preferences, and factors that will be considered in a specific portfolio

• A
  93% (57)
• B
  2% (1)
• C
  3% (2)
• D
  2% (1)

Explanation

The Portfolio Risk Management Plan defines and updates the criteria, thresholds, and approach that the portfolio team uses to identify, assess, and respond to risks. Its primary purpose is to establish a consistent standard by which all identified risks are evaluated - enabling the team to apply uniform criteria when assessing risk likelihood, impact, and priority. Option B describes a communications plan (which identifies information recipients). Option C describes a resource or performance report. Option D describes a strategic options document. Only A correctly captures the Portfolio Risk Management Plan's function as the governing document that sets the assessment criteria and risk management approach for the portfolio.

No community discussion yet for this question.