Explain the difference between risks and issues. Discuss an experience when you encountered a risk or an issue and how you solved them
There are many times when both the words "risk" and "issue" are used to describe the same thing however, they are different. "PMBOK defines a risk as an uncertain event or condition that, if it occurs, has a positive or a negative effect on project's objectives" (Farragut, 2011, para 2). The main element of a risk is that, if it were to occur, it would have a large impact on a project's schedule, budget or resources. For example, if there is a risk of losing several project team members due to company layoffs or other unforeseeable circumstances, there would be a significant impact on the project's schedule and budget due to ...
A discussion regarding the main differences between what designates a risk and what designates an issue in project management including a personal account of how to handle both. 377 words, 1 reference.