Description: Risks of different types are embedded into every business process and every business activity no matter what the business of the organization. At the same time, today all organizations seeking sustainable growth simultaneously manage a number of projects: endeavors that are even riskier than their usual daily routine. Examples are projects for the development of a new product or service, investment activities, implementation of an information system, entering a new market, re-branding and many others. All projects of an organization constitute a project portfolio.

Description: In this paper we introduce an approach to manage the organizations risks which is based on project management methodology, modern portfolio theory MPT, and risk management techniques. From 2007 Enterprise Risk Management Symposium, M-AS07-1.