Agreed-upon assessment approach, Historical information, Definitions of probability and impact, Risk categories, Pre-established criteria
Monitor the portfolio performance on an ongoing basis, using reports, conversations, dashboards, and auditing techniques in order to ensure portfolio effectiveness and efficiency and maintain strategic alignment.
Plan and manage quality of products/deliverables
Perform an ordinal classification
Manage and escalate issues by communicating recommended actions to appropriate decision makers for timely approval and implementation of proposed solution(s).
As the project unfolds, set and manage stakeholder expectations by making increasingly specific levels of commitments in order to ensure common understanding of the expected deliverables.
Determine quality standard required for project deliverables
Coach stakeholders on risk categorization strategies
Manage portfolio changes using change management techniques, in order to improve portfolio performance and maintain strategic alignment.
Adapt the cadence and the planning process based on results of periodic retrospectives about characteristics and/or the size/complexity/criticality of the project deliverables in order to
Recommend options for improvement based on quality gaps
Balance portfolio and prioritize portfolio components, using established criteria and methods in order to optimize resource utilization and achieve strategic portfolio objectives.
Perform quantitative analysis
Continually survey project deliverable quality
Analyze and optimize the consolidated allocation/reallocation of capacity (e.g., people, tools, materials, technology, facilities, financial) using supply/demand management and scenario analysis techniques to ensure portfolio efficiency and effectiveness.