Effective project portfolio management must include a robust and consistent process for risk management across the entire portfolio of projects under management. In this sense, portfolio risk management is an integral part of an organisation's approach to enterprise risk management.

Project portfolio risk management is, in essence, enterprise risk management. Rather than focusing on risk management at an individual project level, the portfolio risk management process managing risks that affect more than one project or the enterprise as a whole.

What is the Difference Between Project Risk Management and a Project Portfolio Management Risk

In some ways risk management at the project portfolio management level is not unlike project risk management. The key difference lies in the nature of the risk to be managed with the relevant risk management process.

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