The standard for risk management in portfolios, programs, and projects

Includes bibliographical references and index. TOC:-- 1. Introduction-- 2. Context and key concepts of risk management-- 3. Framework for risk management in portfolio, program, and project management-- 4. Risk management life cycle in portfolio, program, and project management-- 5. Risk management in the context of portfolio management-- 6. Risk management in the context of program management-- 7. Risk management in the context of project management-- Appendix X1: Development of the standard for risk management in portfolios, programs, and projects-- Appendix X2: Contributors and reviewers of the standard for risk management in portfolios, programs, and projects-- Appendix X3: Portfolio risk management controls-- Appendix X4: Program risk management controls-- Appendix X5: Project risk management controls-- Appendix X6: Techniques for the risk management framework-- Appendix X7: Enterprise risk management considerations for portfolio, program, and project risk management-- Appendix X8: Risk classification--

The Standard for Risk Management in Portfolios, Programs, and Projects is an update and expansion upon PMI's popular reference, The Practice Standard for Project Risk Management. ; ; Risk management addresses the fact that certain events or conditions-whether expected or unforeseeable during the planning process-may occur with impacts on portfolio, program, and project objectives. These impacts can be positive or negative and may cause deviation from the intended objectives. Risk management processes allow for proactively planning to capture opportunities and limit threats.