Toward Enterprise Approach for Project Portfolio Risk Management

Michael R. Breault and Simon Cleveland
Additional contact information
Michael R. Breault: Northeastern University, USA
Simon Cleveland: Georgetown University, USA

International Journal of Information Technology Project Management (IJITPM), 2020, vol. 11, issue 2, 90-104

Abstract: Extant literature suggests that organizations struggle with risk evaluation as part of their project portfolio selection. The lack of intentional intervention on the part of portfolio leadership, risk management processes, and practices executed by individual projects may not support optimal risk management at the portfolio level. As a result, portfolio managers are tasked with the identification of common risks and opportunities across projects and are required to respond with strategies that are beyond the scope of a project manager's authority. To address the problem, this study identifies the gaps in the extant literature in portfolio approaches to project risk management, recommends techniques for managing common project risks collectively at the portfolio level, and emphasizes the role of the organization in fostering effective risk management at the project level, particularly in the realm of data governance.

Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
http://services.igi-global.com/resolvedoi/resolve. ... 18/IJITPM.2020040106 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:igg:jitpm0:v:11:y:2020:i:2:p:90-104

Access Statistics for this article

International Journal of Information Technology Project Management (IJITPM) is currently edited by John Wang

More articles in International Journal of Information Technology Project Management (IJITPM) from IGI Global
Bibliographic data for series maintained by Journal Editor ().