Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The relationship between risks and issues in a project is that risks are potential problems that might occur in the future, while issues are problems
The relationship between risks and issues in a project is that risks are potential problems that might occur in the future, while issues are problems that are currently happening. If issues arise in areas that hadn't been recognized as risks, it could mean that the risk identification process was not thorough enough. It's important to have a comprehensive risk management plan that identifies all possible risks, assesses their potential impact, and develops strategies to mitigate them. However, the fact that issues are arising in areas not identified as risks doesn't necessarily mean that risk management was insufficient. It could also mean that the project environment is changing, and new risks are emerging that were not foreseeable at the time of risk planning. On the other hand, if risks were identified and managed but never materialized into active issues, it doesn't mean that the risks weren't real. It could mean that the mitigation activities were effective, or it could simply mean that the conditions that would have triggered the risk did not occur. It's also possible that the risk might still occur at a later stage in the project. In terms of balancing risk management and issue management, it's not necessarily
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started