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DashboardITTO ExplorerQuizFlashcardsExamsStudy Guide
DashboardITTO ExplorerQuizFlashcardsExamsStudy Guide
Guide Index
  • Project Management Business Documents
  • Lessons Learned Management Techniques
  • Knowledge vs Information
  • Explicit vs Tacit Knowledge
  • The Triple Constraints
  • Configuration Management System
  • Complexity Models
  • Ambiguity vs Uncertainty
  • PMI-isms
  • Scope Creep
  • Scope Creep vs Gold Plating
  • Gold Plating
  • Product Scope vs Project Scope
  • Requirements vs Scope - What's the Difference?
  • Requirement Types
  • Focus Groups vs Facilitated Workshops
  • Progressive Elaboration
  • Critical Path Method (CPM)
  • Crashing vs Fast Tracking
  • Rolling Wave Planning
  • Estimation in Project Management
  • Earned Value Management
  • Earned Schedule
  • Cost Budget and Reserves
  • Direct Costs vs Indirect Costs
  • Project Selection Methods
  • Accuracy vs Precision
  • Control Charts
  • Rule of Seven in Control Charts
  • Common Cause vs Special Cause Variations
  • Quality vs Grade
  • Product Quality vs Project Quality
  • Attribute Sampling vs Variable Sampling
  • Verification vs Validation
  • Roles and Responsibilities
  • Resource Calendar vs Resource Histogram
  • Resource Leveling vs Resource Smoothing
  • Situational Leadership (SLII)
  • Pondy's Conflict Model
  • Myers-Briggs Type Indicator (MBTI)
  • OSCAR Coaching and Mentoring Model
  • Fist of Five
  • Communication Channels
  • Osmotic Communication
  • Risk Management Terms
  • Risk Response Strategies
  • Risk vs Issue
  • Expected Monetary Value (EMV)
  • Sensitivity Analysis and Tornado Diagram
  • Contract Types
  • Personas
  • Stakeholder Classification Models
  • Non-Functional Requirements in Agile
  • Lean vs Six Sigma
  • Impediments, Obstacles, and Blockers
  • Situational Questions
Study Notes

Risk

Risk vs Issue

Difference between a risk and an issue in project management

A risk is an uncertain event that may impact a project in the future, whereas an issue is a risk that has already happened and will impact the project. The following table summarizes the differences.

RiskIssue
An uncertain event that may occurA risk that has already occurred
May impact the projectWill impact the project
Focused on the futureFocused on the present
Can be positive or negativeWill always be negative
Is documented in the Risk RegisterIs documented in the Issue Log
Has a risk ownerHas an issue owner
PreviousRisk Management TermsNextExpected Monetary Value (EMV)