Risk management is an integral part of project, program and portfolio management and is invoked throughout the project, program and portfolio life cycle. When it comes to managing portfolio risks…

The correct answer is B. Risk Assessment and Risk Response. Unlike project risk management, which has multiple detailed processes (identification, qualitative/quantitative analysis, response planning, monitoring), portfolio risk management is streamlined into two primary activities: Risk Assessment and Risk Response (B). Risk Assessment…

Portfolio Risk Management

Question

Risk management is an integral part of project, program and portfolio management and is invoked throughout the project, program and portfolio life cycle. When it comes to managing portfolio risks, which of the following activities is used

Options

ARisk Response
BRisk Assessment and Risk Response
CRisk Planning
DRisk Assessment

How the community answered

(64 responses)

A
6% (4)
B
89% (57)
C
3% (2)
D
2% (1)

Explanation

Unlike project risk management, which has multiple detailed processes (identification, qualitative/quantitative analysis, response planning, monitoring), portfolio risk management is streamlined into two primary activities: Risk Assessment and Risk Response (B). Risk Assessment encompasses identifying portfolio-level risks and evaluating their probability and impact across the entire portfolio. Risk Response involves developing strategies to address those risks (avoid, transfer, mitigate, accept). Options A (Risk Response only), C (Risk Planning only), and D (Risk Assessment only) are each incomplete - portfolio risk management requires both assessment AND response as its core management activities.

Topics

#Portfolio Risk Management#Risk Assessment#Risk Response

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