APM PMQ (2024) Risk and Issue Management (LO23)
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APM PMQ (2024) Risk and Issue Management (LO23)
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23. Risk and Issue Management - This podcast discusses the ability to identify and monitor risks (threats and opportunities); plan responses to those risks and respond to issues, and covers:
a) The benefits of risk and issue management and the role of contingency planning in projects.
b) The purpose and importance of each stage in a risk management process (such as identification, analysis, monitoring, escalation, response and closure) and an issue management process (such as logging and analysis, escalation, and assignment of actions), and why these stages are different for linear and iterative life cycles.
c) How to proactively and reactively respond to risks (such as avoid, reduce, transfer or accept and exploit, enhance, share or reject).
d) Why governance is important in risk and issue management.