You would often hear project managers using issue management and risk

management interchangeably. However, did you know that these two

concepts are entirely different and need to be handled differently?



A skilled project manager should oversee issue and risk management and

have strategies to deal with everything while adapting to changing

situations. Learning about these two terms won't only help you in your

project management but also boost your business career.



Now, let's focus on key differences and learn what sets them apart.



WHAT IS THE RISK MANAGEMENT PROCESS?



Risk management is a rather broad topic and involves various

processes. Managers will need to identify, monitor, and manage

potential risks and their impact on business. Some examples may

include natural disasters, system failure, security breaches, hacker

attacks, and data loss.



A risk management plan will enable you to understand and control risks

to make more informed decisions while accomplishing your business

objectives.



Every ...