What is the difference between a risk and an issue?
Anonymous
I am working with some folks who are PMs but not in the IT field. I'm a PM in the IS department and couldn't actually come up with a good clear distinction between an issue and a risk for the folks that I'm working with. Can someone help me define these two? Thanks. Saving Changes...
Nadia MullerProject Manager| PaySpaceRandburg, South Africa
A risk is planned for where as an issue is an unforseen event that occurs that impacts the scope, time, cost and/or schedule of the project. Saving Changes...
Anonymous
Risk: Something that may happen with a negative impact. Something you can plan for in the event it does occur. An organization can choose, based on costs for instance, to accept the risk and do nothing about it or to work to mitigate the risk to reduce the possibility of it happening.
Issue: Something that has happened. It may result from a Risk. It is something that should be addressed and remedied. Saving Changes...
Amna HaiderProject Manager| AmgenSimi Valley, Ca, United States
Risk: an event that can have either a positive OR negative impact to you quality, time, scope. For example, your product can have a low risk of early regulatory approval which is a good thing but has an impact to time, scope, etc. or runs a high risk of late regulatory approval which has other impacts such as not being first to markets, etc. an issue is a risk that has been realized. It has already come to fruition and you should have a mitigation plan I place. Saving Changes...
Venkatesh HarirajanProfessional Trainer for PMI-PMP and PMI-ACP Certifications from India| FreelancerBangalore, Karanataka, India
Standard Question that is being asked for any PM position and even I was not spared with this question when I had appeared for PM position in IBM in Year 2010 :) Risk is something in Project which is anticipated by you in project in future which require mitigation but issue is something that had already happened in your project and you are looking for a solution to resolve it. Saving Changes...
SaadUllah SheikhSenior ICT Solution and Delivery Architect| Huawei Technologies Middle East Islamabad, Punjab, Pakistan
The risk is pointing to outcome for which we know the problem also we know the solution and outcome but the probability is not knwn.
This is why we qunatify it as per PI matrix
The Risk once happen become an Issue , So once Polio vaccine not adopted by masses can lead to risk of 1% , once we found such case it is an Issue
I hope it is clear
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1 reply by Michael Coleman
Nov 27, 2021 12:56 PM
Michael Coleman
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The issue should be mitigated before it becomes a true risk.
Saving Changes...
Rao Vasudeva GProgram Manager| Aeronautical Development AgencyBangalore, Karnataka, India
Simple
Issue is disagreement where two parties are in opposing where as a Risk is uncertain event, it may or may not occur. Saving Changes...
Rashmi MohanDar Es Salam, Dar Es Salam, Tanzania, United Republic Of
Issue is Present
Risk is Future.
Issue has to be resolved since it has occured.
But Risk is a possibility, it may or may not occur. Saving Changes...
Issue is a concern that may become a risk if you do not take care off or worst may become a crisis , you should log those issues in separate folder and verify it with frequency in order to make sure that everything has been addressed Saving Changes...
Issue is what you see upfront and need to resolve it. Risk is a future event and may or may not occur. An unresolved issue can become a risk in future. Saving Changes...
Ricardo do_Rego_BarrosPM Consulting Director| Simplifique Gerenciamento de ProjetosRecife, Pernambuco, Brazil
I see issues as things that are affecting us (our projects) at this moment. in this since, a risk can be an issue if treating (analysing or qualifying or quantifying or planning a response) it is affecting us somehow.
On the other hand, If a risk is already analysed and planned it is a possible issue should it come to happen even more if the planned response doesn't protect the project objectives as it should. Saving Changes...
