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Reply: Question about Risks that do occur

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Topic History of : Question about Risks that do occur

Max. showing the last 6 posts - (Last post first)
3 months 1 week ago #29347

Smitha Anna Jacob

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Thanks Brian
3 months 2 weeks 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.
3 months 2 weeks ago #29334

Smitha Anna Jacob

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Thanks Brian. Can you help to differentiate between a risk and an issue ?
3 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.
3 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?

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