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TOPIC: Question about Risks that do occur

Question about Risks that do occur 7 months 2 weeks ago #29330

  • Susan D
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I understand that a risk is something that hasn't happened but might, and that an issue is something that has happened. But in terms of test questions, what are we supposed to do "first/next" if a risk materializes? If a risk materializes, it becomes an issue. So do you update the risk register? Update the issue log?

Question about Risks that do occur 7 months 2 weeks ago #29332

  • Brian Nesbitt
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If a known risk materializes (triggered) it has been realized. Review the risk register to identify the risk owner, risk response (if planned) is then implemented by the risk owner.
If a new risk is identified (during monitoring/controlling), risk register updated and subsequent risk processes conducted.
As you mentioned, an issue has already happened and is something that requires a resolution. The issue log is updated, not the risk register.

Question about Risks that do occur 7 months 1 week ago #29334

  • Smitha Anna Jacob
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Thanks Brian. Can you help to differentiate between a risk and an issue ?

Question about Risks that do occur 7 months 1 week ago #29335

  • Brian Nesbitt
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Risks (threats and opportunities) may or may not occur.

Issues have already happened (are current), impact project performance, and need resolution.

Question about Risks that do occur 7 months 1 week ago #29347

  • Smitha Anna Jacob
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Thanks Brian
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