Acme Medical Device Company is currently running a portfolio of 8 IT projects that are facing challenges or risks. Each of these risks can affect the cost of project concerned as well as other projects in the portfolio. A risk analysis of the same has been done involving both the qualitative and quantitively analysis methods and the results are presented in the report to identify if the possibility of completing projects within given budget is there and if not, then which projects would need the contingency amount to be added in order to ensure the completion. The report also explores if the current conditions of the projects could affect other ongoing project of the company.