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Appendix I—Program and Portfolio Management Process Models

Portfolio Quantitative Risk Analysis
Measuring the probability and consequences of Portfolio risks and esti-
mating their implications for Portfolio objectives.

Portfolio Quantitative Risk Analysis

Inputs Tools & Techniques Controls Outputs
.1 Risk Management plan .1 Interviewing .1 Management review .1 Prioritized list of
.2 Identified risks .2 Sensitivity analysis .2 Portfolio audits quantified risks
.3 List of prioritized risks .3 Decision tree analysis .2 Probabilistic analysis of
.4 List of additional analysis .4 Simulation the Portfolio
and management .3 Probability of achieving
.5 Historical information the cost and time
.6 Expert judgment objectives
.7 Other planning outputs .4 Trends in quantitative
risk analysis results

Portfolio Risk Response Planning
Developing procedures and techniques to enhance opportunities and reduce
threats to the Portfolio’s objectives.

Portfolio Risk Response Planning
Inputs Tools & Techniques Controls Outputs
.1 Risk management plan .1 Avoidance .1 Risk Response Plan Review .1 Risk Response plan
.2 List of prioritized risks .2 Transference .2 Residual risks
.3 Risk ranking of the Portfolio .3 Mitigation .3 Secondary risks
.4 Prioritized list of quantified .4 Acceptance .4 Contractual agreements
risks .5 Contingency reserve
.5 Probabilistic analysis of the amounts needed
Portfolio .6 Inputs to other processes
.6 Probability of achieving the .7 Inputs to a revised
cost and time objectives Portfolio plan
.7 List of potential responses
.8 Risk threshold

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