BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following defines “issue” in Risk and Issue management?
A
Something that has happened or a current problems
B
Something that hasn’t happened yet but has some probability of occurring
C
potential future problems
D
None of the above
Explanation: 

Detailed explanation-1: -An issue is essentially a risk that has happened. In other words, risks are potential future problems and issues are current problems.

Detailed explanation-2: -The Risk and Issue Management Plan documents the process for identifying, logging, monitoring, and resolving risks and issues for a project. A risk is any known event which may impact project outcomes, either positive or negative. If realized, a negative risk often becomes an issue that requires resolution.

Detailed explanation-3: -A risk is something that could occur in the future. It’s an uncertainty that project managers can create plans and strategies for. An issue is something that has occurred or is currently happening. It is something that the project manager can work to address in the present.

Detailed explanation-4: -Risk the combination of the probability of an event and its consequences.

Detailed explanation-5: -An Issue is anything that has arisen that needs tracking. It may not be a problem as such (as in it may not need a problem solving approach to resolve it) but very often it will be. A Problem is an Issue that needs people to think about it, analyse it and come up with a solution to that problem.

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