Programme management can be seen as a very stressful experience but it doesn’t have to be. With well implemented risk & issue management (taught as part of our MSP Training Courses) a programme is more likely to succeed. In this blog we look at why risk and issue management is such an important part of any programme.
A risk is a possible occurrence that may damage a programme. For something to be designated a risk there should be a realistic probability of something going wrong that would have a negative impact on a programme. It is important to keep risks realistic or the list will just keep growing.
An issue is when something actually occurs. If an issue was earlier identified as a risk then either the risk was not properly managed or at least there will be a system in place to resolve the issue immediately. Risks turning into issues are better than issues appearing with no prior planning as the resolution will take longer and the cause of the issue will have to be determined.
Well defined risks & issues
It is important to define risks and issues properly so that the entire team buys into the definition. For risks you should consider the likelihood of it happening, the material damage and whether it is a normal management risk or something extraordinary. As for issues the main focus is on material damage and harm to the project. Read the rest of "Risk & Issue Management – Take the stress out of programme management"