Managing Uncertainty: Risks and Issues in Projects
Uncertainty affects every project. Effective risk and issue management helps teams anticipate problems, reduce disruption and identify opportunities. This technique explains how to proactively manage risks and issues to protect outcomes, support decision-making and improve project success.
Technique Overview
Managing Uncertainty: Risks and Issues in Projects Definition
Risk and issue management is the structured process of identifying, assessing, responding to and monitoring uncertainty within a project. A risk is an uncertain future event, while an issue has already occurred and requires immediate action. Effective management addresses both threats and opportunities to improve outcomes (APM, 2019; ISO, 2018).
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Business Evidence
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Further Reading
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Managing Uncertainty: Risks and Issues in Projects references (4 of up to 20) *
- Abe, M. and Ye, L. (2013) Building resilient supply chains against natural disasters: The cases of Japan and Thailand. Global Business Review, 14(4), pp.567–586.
- Ali, M.M. and Begum, S. (2024) Case study: Satya Nadella’s leadership at Microsoft. IOSR Journal of Business and Management, 26(12), pp.74–79.
- Association for Project Management (APM) (2019) APM Body of Knowledge (7th edn). High Wycombe: APM.
- Atlas RFID Store (2024) Walmart and RFID: The relationship that put RFID on the map. Available at: https://www.atlasrfidstore.com/rfid-insider/walmart-and-rfid-the-relationship-that-put-rfid-on-the-map/
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