Posts Tagged ‘issues resolution’
Risk Management and Issue Resolution
A risk is an uncertain event or set of events which, should it occur, will have an effect on the achievement of objectives. These effects need not all be detrimental as a risk can be either a threat or an opportunity.
The task of risk management is to ensure that the programme make a cost-effective use of a Risk Management Process that includes a series of well-defined steps. The aim is to support better decision-making through a good understanding of risks and their likely impact.
Issues, on the other hand, are events that have happened, were not planned, are currently affecting the programme in some way and need to be actively dealt with and resolved. Risks, should they occur, become issues.
The task of issue resolution is to prevent an issue from threatening the programme’s chances of achieving a successful outcome.
