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what is different Between Risk and Issue ?
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Answer Posted / ashish
Risk is a measure of the potential inability to achieve
overall program objectives within the defined cost,
schedule and technical constraints. There are two
components associated with risk: - The probability or
likelihood of failing to achieve a particular outcome - The
consequences or impacts of failing to achieve that outcome
An issue is midlevel between a risk and a problem.
A risk is identified as a potential problem and should be
monitored throughout the life of the program. Once the risk
is shown to increase in its risk rating it becomes an issue
and special action or management attention may be required
to keep the issue from becoming a problem.
Industry View: (As outlined in the PMBOK)
Risk is a potential condition or event that could have
either a positive or negative effect on a project's
objectives if it occurs.
Issues in industry are called triggers, risk symptoms, or
warning signs. Triggers indicate when a risk has or is
about to occur.
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