Risk Management

Risk Management Practice determines how risks are managed across the portfolio. This practice does not concern risks of individual projects and programmes, but the aggregate risks of the portfolio as a whole.

This practice is part of the Portfolio Delivery Cycle.


Risks are unexpected events that may or may not occur. Risks can happen in projects, programmes and portfolios. Effective management of risks is an important task for the portfolio office.


The following activities form the portfolio risk management practice:

Keys to Success

The main elements of risk management include managing interdependencies between projects and programmes, maintaining sufficient portfolio-level financial contingency and including risk in the prioritization process, along with returns.

Written by Inham Hassen

This wiki is developed and managed by an accredited trainer, independent of AXELOS. While aligned with their guidelines, it’s not an official resource.