Page 184 - Organizational Project Management

Appendix I—Program and Portfolio Management Process Models

Portfolio Risk Monitoring and Control
Monitoring residual risks, identifying new risks, executing risk reduction
plans, and evaluating their effectiveness throughout the Portfolio life cycle.

Portfolio Risk Monitoring and Control

Inputs Tools & Techniques Controls Outputs
.1 Risk Management Plan .1 Portfolio risk response .1 Portfolio risk response .1 Corrective action directives
.2 Risk response plan audits audits .2 Portfolio change requests
.3 Portfolio communication .2 Periodic Portfolio risk .2 Periodic Portfolio risk .3 Updates to the risk
.4 Additional risk identification reviews reviews response plan
and analysis .3 Technical performance .4 Portfolio Risk Management
.5 Scope Changes measurement Plan
.4 Contingency Planning .5 Updates to risk
.5 Alternative Solutions identification checklists
.6 Symptoms Identification

.5 PORTFOLIO CLOSING PROCESSES

Portfolio Administrative Closure
Documenting Portfolio planning cycle results to communicate the value that
the organization’s project Portfolio has provided during that planning cycle
or upon the termination of the portfolio.

Portfolio Administrative Closure
Inputs Tools & Techniques Controls Outputs
.1 Performance measurement .1 Performance reporting .1 Organizational policies .1 Portfolio archives and
documentation tools and techniques (Human Resource, archive updates
.2 Product Portfolio .2 Portfolio reports Finance, Procurement, .2 Portfolio closure or
documentation .3 Portfolio presentations etc.) planning cycle closure
.3 Other Portfolio records .2 Government regulations, .3 Lessons learned
laws and policies

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