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International Journal of Information Systems and Project Management

Abstract

The subject of this article is project portfolio risk categorisation. Research conducted indicated categories containing the most probable and significant risks. The research described in this paper was carried out in two stages. In the first stage, the relevant literature was reviewed and the Delphi method was used to identify 36 risks specific to a project portfolio. In the second stage, the respondents (project portfolio managers) assessed the probability of each risk occurring and the impact of that risk on the objectives of the project portfolio. The empirical data obtained in this way made it possible to conduct an exploratory factor analysis and to identify the risk categories of the project portfolio. The presented results may also contribute to a broader discussion concerning the validity of identifying project portfolio risks and how to categorise them. The results may be useful for further discussion on the empirical confirmation of three categories of portfolio risks proposed by the Project Management Institute.

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