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It is now an issue in terms of the differentiation there is still uncertainty regarding the impact and the objectives that will be impacted.
Definition of risk and issue in project management. There is no uncertainty or probability aspect associated with an issue. Even though the risk has occurred i e. Poor risk or issue management can lead to project failure. Going back to the example of the client not honoring the payment this is a risk that is managed by the risk management plan.
Some project managers and risk managers are not convinced that the differentiation between risk and issue adds any value. Areas where project risks and issues arise include resource constraints scheduling issues and scope. It is important to focus on the risk and issue management on project perspective. The third perspective of risk management is project level.
An issue is an event or condition that has already happened and has impacted or is currently impacting the project objectives. This article features a program manager at ibm bangalore india and a project management consultant ceo of refinem springfield mo debating whether project managers should treat risks and issues differently.
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