Understanding the distinction between risks and issues is crucial in project management for keeping projects on track and managing stress levels effectively.
According to the Project Management Institute, a risk is an uncertain event that, if it occurs, may positively or negatively impact project objectives.
Risks are often linked to future events that may affect a project's success, such as team dynamics and environmental changes, necessitating proactive management.
Different industries face unique project risks, exemplifying how an SEO agency's risk may arise from changes in Google's algorithm, while manufacturers may contend with new regulations.
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