TABLE OF CONTENTS
1.3 Principles of Risk Management
1.3.1 Strive to Achieve Excellence in the Practice of Risk Management
1.3.2 Align Risk Management with Organizational Strategy and Governance Practices
1.3.3 Focus on the Most Impactful Risks
1.3.4 Balance Realization of Value Against Overall Risks
1.3.5 Foster a Culture That Embraces Risk Management
1.3.6 Navigate Complexity Using Risk Management to Enable Successful Outcomes
1.3.7 Continuously Improve Risk Management Competencies
1.4 Structure of This Standard
2. CONTEXT AND KEY CONCEPTS OF RISK MANAGEMENT
2.1 Key Concepts and Definitions
2.2 Risk Management in Organizations
2.3 Domains of Risk Management
3. FRAMEWORK FOR RISK MANAGEMENT IN PORTFOLIO, PROGRAM, AND PROJECT MANAGEMENT
3.1 Business Context of Risk Management in Portfolio, Program, and Project Management
3.1.1 Organizational Framework
3.1.3 Strategic and Organizational Planning
3.1.4 Linking Planning with Execution through Portfolio, Program, and Project Management
3.2 Scope of Accountability, Responsibility, and Authority
3.2.1 Accountability at the Enterprise Level
3.2.2 Accountability at the Portfolio Level
3.2.3 Accountability at the Program Level
3.2.4 Accountability at the Project Level
3.3 General Approaches to Risk Management
3.3.1 Factors for Evaluating Risk
4. RISK MANAGEMENT LIFE CYCLE IN PORTFOLIO, PROGRAM, AND PROJECT MANAGEMENT
4.1 Introduction to the Risk Management Life Cycle
4.2.1 Purpose of Plan Risk Management
4.2.1.1 Risk Appetite in Plan Risk Management
4.2.1.2 Tailoring and Scaling the Risk Management Plan
4.2.2 Success Factors for Plan Risk Management
4.3.1 Purpose of Identify Risks
4.3.2 Key Success Factors for Identify Risks
4.4 Perform Qualitative Risk Analysis
4.4.1 Purpose of Perform Qualitative Risk Analysis
4.4.2 Key Success Factors for Perform Qualitative Risk Analysis
4.5 Perform Quantitative Risk Analysis
4.5.1 Purpose of Quantitative Risk Analysis
4.5.2 Key Success Factors for Perform Quantitative Risk Analysis
4.6.1 Purpose of Plan Risk Responses
4.6.2 Key Success Factors for Plan Risk Responses
4.7.1 Purpose of Implement Risk Responses
4.7.2 Key Success Factors for Implement Risk Responses
4.8.1 Purpose of Monitor Risks
4.8.2 Key Success Factors for Monitor Risks
5. RISK MANAGEMENT IN THE CONTEXT OF PORTFOLIO MANAGEMENT
5.1 Portfolio Risk Management Life Cycle
5.1.1 Portfolio Risk Identification
5.1.2 Portfolio Risk Qualitative and Quantitative Analyses
5.1.3 Portfolio Risk Response Strategies
5.1.4 Implementing Portfolio Risk Responses
5.1.5 Monitoring Portfolio Risks
5.2 Integration of Risk Management into the Portfolio Management Performance Domains
5.2.1 Portfolio Strategic Management
5.2.3 Portfolio Capacity and Capability Management
5.2.4 Portfolio Stakeholder Engagement
5.2.5 Portfolio Value Management
5.2.6 Portfolio Risk Management
6. RISK MANAGEMENT IN THE CONTEXT OF PROGRAM MANAGEMENT
6.1 Program Risk Management Life Cycle
6.1.1 Program Risk Identification
6.1.2 Program Risk Qualitative and Quantitative Analyses
6.1.3 Program Risk Response Strategies
6.1.4 Implementing Program Risk Responses
6.1.5 Monitoring Program Risks
6.2 Integration of Risk Management into the Program Management Performance Domains
6.2.1 Program Strategy Alignment
6.2.2 Program Benefits Management
6.2.3 Program Stakeholder Engagement
6.2.5 Program Life Cycle Management
6.2.6 Supporting Program Activities
7. RISK MANAGEMENT IN THE CONTEXT OF PROJECT MANAGEMENT
7.1 Project Risk Management Life Cycle
7.1.1 Project Risk Identification
7.1.2 Qualitative and Quantitative Project Risk Analyses
7.1.3 Project Risk Response Strategies
7.1.4 Implementing Project Risk Responses
7.2 Integration of Risk Management into Project Management Process Groups
7.2.4 Monitoring and Controlling Processes
APPENDIX X1
DEVELOPMENT OF THE STANDARD FOR RISK MANAGEMENT IN PORTFOLIOS, PROGRAMS, AND PROJECTS
X2.1 The Standard for Risk Management in Portfolios, Programs, and Projects Core Committee
X2.3.3 Public Exposure Draft Review
X2.4 PMI Standards Program Member Advisory Group
APPENDIX X3
PORTFOLIO RISK MANAGEMENT CONTROLS
X3.1 The Purpose of Portfolio Risk Management Controls
X3.2 Risk Management Controls for Portfolio Strategic Management
X3.3 Risk Management Controls for Portfolio Governance
X3.4 Risk Management Controls for Portfolio Capacity and Capability Management
X3.5 Risk Management Controls for Portfolio Stakeholder Engagement
X3.6 Risk Management Controls for Portfolio Value Management
X3.7 Risk Management Controls for Portfolio Risk Management
APPENDIX X4
PROGRAM RISK MANAGEMENT CONTROLS
X4.1 The Purpose of Program Risk Management Controls
X4.2 Risk Management Controls for Program Strategy Alignment
X4.3 Risk Management Controls for Program Benefits Management
X4.4 Risk Management Controls for Program Stakeholder Engagement
X4.5 Risk Management Controls for Program Governance
X4.6 Risk Management Controls for Program Life Cycle Management
X4.7 Risk Management Controls for Supporting Program Activities
APPENDIX X5
PROJECT RISK MANAGEMENT CONTROLS
X5.1 The Purpose of Project Risk Management Controls
X5.2 Risk Management Controls for Project Integration Management
X5.3 Risk Management Controls for Project Scope Management
X5.4 Risk Management Controls for Project Schedule Management
X5.5 Risk Management Controls for Project Cost Management
X5.6 Risk Management Controls for Project Quality Management
X5.7 Risk Management Controls for Project Resource Management
X5.8 Risk Management Controls for Project Communications Management
X5.9 Risk Management Controls for Project Risk Management
X5.10 Risk Management Controls for Project Procurement Management
X5.11 Risk Management Controls for Project Stakeholder Management
APPENDIX X6
TECHNIQUES FOR THE RISK MANAGEMENT FRAMEWORK
X6.2.1 Assumptions and Constraints Analysis
X6.2.3 Cause and Effect (Ishikawa) Diagrams
X6.3 Qualitative Risk Analysis
X6.3.2 Analytic Hierarchy Process
X6.3.4 Nominal Group Technique
X6.3.5 Probability and Impact Matrix
X6.3.6 Risk Data Quality Analysis
X6.3.7 Assessment of Other Risk Parameters
X6.4 Quantitative Risk Analysis
X6.4.1 Contingency Reserve Estimation
X6.4.3 Estimating Techniques Applied to Probability and Impact
X6.4.4 Expected Monetary Value
X6.4.5 FMEA/Fault Tree Analysis
X6.4.7 PERT (Program or Project Evaluation and Review Technique)
X6.5.3 Multicriteria Selection Technique
X6.6 Response Plan Implementation
X6.7.3 Residual Impact Analysis
X6.7.5 Risk Breakdown Structure
X6.8 Risk Management Techniques Recap