Risk & Issue Management – The Key Differences & How They Work Together

Risk & Issue Management – The Key Differences & How They Work Together

Project Management
Unfortunately, projects aren’t delivered in a vacuum. Throw factors such as competing business priorities, technical errors, and even basic human error into the mix and projects are filled with things that can go wrong. Fortunately, every project management framework will have two sure-fire ways to overcome these challenges: Risk Management & Issue Management. Whilst these terms often get used interchangeably, they aren’t the same thing at all. In this article, we’ll look at the key differences between Risk and Issue Management and how they come together to avoid project disaster! Risk Management Explained Let’s start by defining a risk. The PMI definition states that risk is “an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives.” In the vast majority of…
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