Business & economics · University
Risk and change · revision notes
An uncertain event or condition that could affect objectives.
Key ideas and conditions
Risk
An uncertain event or condition that could affect objectives.
Mitigation
An action intended to reduce risk likelihood or impact.
Issue
A problem that has already occurred and needs management.
Change control
A defined process for evaluating and approving changes to scope, schedule or other baselines.
Explain without looking
- Give a short example showing how Issue would be used in practice.
- Summarize why Change control matters in the lesson “Risk and change”.
Further reading and review references
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