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PfMP > ECO Risk > Flashcards

ECO Risk Flashcards

1
Q

[HOW] Determine acceptable level of risk for the portfolio

A

Based on organizational and stakeholder risk tolerances

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2
Q

[HOW] Develop the portfolio risk management plan

A

Using governance risk guidelines, processes, and procedures, and other organizational assets

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3
Q

[HOW] Develop, monitor, and maintain portfolio-level risk register, including risks to strategic goals and objectives, to business value, and escalated from portfolio components

A

Using risk management processes

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4
Q

[HOW] Promote common understanding and stakeholder ownership of portfolio risks

A

Through communications with stakeholders

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5
Q

[HOW] Provide recommendation and obtain approval for a portfolio management reserve

A

Based on aggregate portfolio risk exposure, in order to optimize portfolio strategic goals and objectives

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6
Q

[NEXT] Determine acceptable level of risk for the portfolio

A

Develop the portfolio risk management plan

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7
Q

[NEXT] Develop the portfolio risk management plan

A

Perform dependency analysis

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8
Q

[NEXT] Develop, monitor, and maintain portfolio-level risk register

A

Promote common understanding and stakeholder ownership of portfolio risks

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9
Q

[NEXT] Perform dependency analysis

A

Develop, monitor, and maintain portfolio-level risk register

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10
Q

[NEXT] Promote common understanding and stakeholder ownership of portfolio risks

A

Provide recommendation and obtain approval for a portfolio management reserve

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11
Q

[WHY] Determine acceptable level of risk for the portfolio

A

To provide input to governance

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12
Q

[WHY] Develop the portfolio risk management plan

A

To capitalize on opportunities, and respond to risks

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13
Q

[WHY] Develop, monitor, and maintain portfolio-level risk register, including risks to strategic goals and objectives, to business value, and escalated from portfolio components

A

To support decision making

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14
Q

[WHY] Perform dependency analysis to identify and monitor risks related to the interdependencies and intradependencies within or across portfolios

A

To support decision-making

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15
Q

[WHY] Promote common understanding and stakeholder ownership of portfolio risks

A

To facilitate risk response.

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16
Q

[WHY] Provide recommendation and obtain approval for a portfolio management reserve

A

To optimize portfolio strategic goals and objectives

17
Q

Develop Portfolio Risk Management Plan tasks

A
  • Determine Acceptable Level of Risk for the Portfolio
  • Develop the Portfolio Risk Management Plan
18
Q

Manage Portfolio Risks tasks

A
  • Perform Dependency Analysis
  • Develop, Monitor, and Maintain Portfolio-Level Risk Register
  • Promote Common Understanding and Stakeholder Ownership of Portfolio Risks
  • Provide Recommendation and Obtain Approval for a Portfolio Management Reserve

PfMP (14 decks)

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