ECO Risk Flashcards
[HOW] Determine acceptable level of risk for the portfolio
Based on organizational and stakeholder risk tolerances
[HOW] Develop the portfolio risk management plan
Using governance risk guidelines, processes, and procedures, and other organizational assets
[HOW] Develop, monitor, and maintain portfolio-level risk register, including risks to strategic goals and objectives, to business value, and escalated from portfolio components
Using risk management processes
[HOW] Promote common understanding and stakeholder ownership of portfolio risks
Through communications with stakeholders
[HOW] Provide recommendation and obtain approval for a portfolio management reserve
Based on aggregate portfolio risk exposure
[WHY] Determine acceptable level of risk for the portfolio
To provide input to governance
[WHY] Develop the portfolio risk management plan
To capitalize on opportunities, and respond to risks
[WHY] Develop, monitor, and maintain portfolio-level risk register, including risks to strategic goals and objectives, to business value, and escalated from portfolio components
To support decision making
[WHY] Identify and monitor risks related to the interdependencies and intradependencies within or across portfolios
To support decision-making
[WHY] Promote common understanding and stakeholder ownership of portfolio risks
To facilitate risk response.
[WHY] Provide recommendation and obtain approval for a portfolio management reserve
To optimize portfolio strategic goals and objectives
Develop Portfolio Risk Management Plan tasks
- Determine Acceptable Level of Risk for the Portfolio
- Develop the Portfolio Risk Management Plan
Manage Portfolio Risks tasks
- Identify and monitor risks related to the interdependencies and intradependencies within or across portfolios
- Develop, Monitor, and Maintain Portfolio-Level Risk Register
- Provide Recommendation and Obtain Approval for a Portfolio Management Reserve
- Promote Common Understanding and Stakeholder Ownership of Portfolio Risks
[HOW] Identify and monitor risks related to the interdependencies and intradependencies within or across portfolios
Perform dependency analysis