What is Issue Management? Project Management in Under 5

The video tutorial explains issue management in project management, differentiating issues from risks. It covers definitions from PMI, Prince2, and APM, highlighting their perspectives on issues. The tutorial outlines a process for managing issues, including identification, analysis, planning, and corrective actions, emphasizing ongoing tracking and reporting.

What is the key difference between an issue and a risk in project management?

• An issue is beneficial, while a risk is always adverse.

• An issue has happened or will happen, while a risk might not.

• An issue requires no action, while a risk does.

• An issue is uncertain, while a risk is certain.

According to PMI, what can an issue potentially impact in a project?

• The project's team dynamics

• The project's budget only

• The project's objectives

• The project's timeline only

How does the APM define an issue in project management?

• As a routine task that needs regular attention

• As a beneficial event that improves project outcomes

• As a threat to project objectives that cannot be resolved by the project manager

• As a minor problem that can be resolved by the project manager

Which step is NOT part of the issue management process outlined in the video?

• Identifying the issues

• Ignoring the issues

• Taking corrective actions

• Analyzing the issues

What is emphasized as crucial throughout the issue management process?

• Ongoing issue tracking and reporting

• Ignoring minor issues

• Delegating all issues to external consultants

• Focusing only on beneficial issues