In Project and Programme terms
2007-10-09 01:33:22 · 2 answers · asked by ge100g 1 in Business & Finance ➔ Other - Business & Finance
Risk is an agreed assessment of probability ..
For example, "It will take 20 weeks +/- 2 weeks with a 10% RISK that it will take 23 weeks"
An Issue is something that has been identified but has not been quantified or resolved .. for example "It is estimated to take 20 weeks, however there is an Issue that it might over-run"
Ideally both Risk and Issue should be eliminated, and replaced by Contingency, as in "It will take 21 weeks (including a total built-in Contingency of 1 week)"
2007-10-09 03:34:51 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
Risk means Danger, A source of danger; a possibility of incurring loss or misfortune- For instance "he saw the rewards but not the risks of crime". Wheras Issue is An important question that is in dispute and must be settled"the issue could be settled by requiring public education for everyone"; "politicians never discuss the real issues"
2007-10-09 08:43:47 · answer #2 · answered by Raj 4 · 0⤊ 0⤋