- Why you should manage risks and issues on projects - The relationship between risks and issues - Enhance your chances of project success - The need for balance and the project triangle

1. Managing Project
Risks & Issues
Author: Carl Phillips
www.8020consultations.com

2. Risks & Issues – Why Record Them?
Effective Risk and Issue management will aid:
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Delivery of projects (within time and budget)
Defining and maintaining controls/standards
Driving and supporting appropriate behaviour/discipline
The Balance within the Project Triangle (see next slide)
The chances of project success

3. Project Triangle – The Need for Balance
Time
Quality
Cost
Scope

4. The Relationship Between Risks & Issues
Risks:

events that could potentially happen in the future and require
positive steps to deal with them
Issues:
 events that impact us now and often need more immediate
attention/action
Risks that materialise have the potential to become issues if
not dealt with appropriately so Risk and Issue management
is closely linked.

5. Capturing Risks & Issues
Project Risk/Issue Log:
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raises awareness of a problem
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formally raises the risk/issue within the project

provides a central point of reference for all project risks and
issues
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provides a log of agreed actions and their outcome

provides a tool to manage the progression, escalation and
resolution of a problem/potential problem/opportunity

6. Escalating Risks & Issues

Projects may need to escalate risks/issues up to programme or
executive level
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Recording and escalating risks/issues is the responsibility of
each project

The Project Management Office (PMO) or designated project
support can oversee and assure the management of
risks/issues in line with local Risk and Issue Management
Processes

7. Project/Programme Toolkit

One stop shop for project needs
(templates, guidance, management processes)

8. Maturity Model – Improvement Cycle
www.8020consultations.com

9. For More – Contact 80/20 Consultations Ltd
(www.8020consultations.com)
PMO & Project Toolkit Setup/Consulting:

Simplify Your Projects and Make Managing Them Easier

Standard Templates and Processes to Match Your Needs

Reduce Unnecessary Drain on Stretched Resources

Increase Project Success
Productivity and Process Improvement Consulting:

Achieve More

Focus Resource and Effort on What Matters Most

Improve Business Approach to Email and Meetings

Increase Your Chances of Business Success
www.8020consultations.com