What is Issue Management? Project Management in Under 5

The video tutorial explains issue management by first defining what an issue is and how it differs from a risk. It covers definitions from PMI, Prince2, and APM, highlighting their perspectives on issues. The tutorial then outlines a process for managing issues, which includes identifying, analyzing, planning responses, and taking corrective actions. It emphasizes the importance of ongoing tracking and reporting throughout the project.

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

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

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

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

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

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 beneficial event that enhances 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

• As a routine task that needs regular attention

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

• Taking corrective actions

• Analyzing issues

• Ignoring issues

• Identifying issues

What is emphasized as necessary throughout the issue management process?

• Delegating all issues to external consultants

• Focusing only on major issues

• Ongoing issue tracking and reporting

• Ignoring minor issues