Portfolio Toolkit

Reporting

Portfolio Risk Management

Portfolio Risk Management

Risk Management at the Portfolio level

Table of Contents

Portfolio Risk Management

Portfolio risk management takes a strategic view of risks across all programmes and projects in the portfolio. It focuses on:

  • Aggregated risks - Combined view of risks across the portfolio
  • Dependencies - Risks that span multiple projects
  • Resource conflicts - Competition for shared resources
  • Strategic alignment - Ensuring projects remain aligned with goals

Risk Framework for Portfolios

A portfolio risk framework provides consistent processes across all initiatives:

  • Standard risk assessment criteria
  • Common scoring scales
  • Escalation thresholds
  • Reporting requirements

Risk Awareness and training

  • Ensure all project and programme managers understand the risk framework
  • Provide training on risk assessment and response planning
  • Share lessons learned across the portfolio

Escalation

Define clear escalation paths for risks that:

  • Exceed project tolerances
  • Affect multiple projects
  • Require portfolio-level decisions
  • Impact strategic objectives
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