Managing portfolio’s risk for improving quality in a project oriented manufacture

Iran is a developing country and there are many different infrastructure projects in hand. Some of the manufacturers that produce equipment for infrastructure projects as for oil, gas and energy projects should manage their efforts based on production management and project management practices; these kind of manufactures are known as project oriented manufacture. It is very important to manage and control manufacturing equipment project with the consideration of the constraints (time, cost, scope and quality). During the project’s lifecycle many risks take place, either positive or negative that should be controlled not to have a negative effect on quality of the project. With considering this concept, in this paper we will discuss a framework how to manage risks to eliminate negative effects on the quality of the project.