Assume you are a member of your company's Portfolio Review Board. Your Board meets quarterly to
determine which new components to undertake and selects them even if it means the portfolio then will require
rebalancing. As you consider the proposed business case for a component and assess the suggestions of the
other Board members, a key factor is:
Risk management is an integral part of project, program and portfolio management and is invoked throughout
the project, program and portfolio life cycle. Which of the following highlights the difference between
portfolio risk and program or project risks?