Project and Portfolio Execution
Project Execution — Risks & Issues
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Navigation: Intelligence → Project Execution → Risks & Issues
Primary audience: project, delivery, engineering, and program roles
Purpose
Risks & Issues manages uncertain future impacts and impacts already occurring. It combines likelihood, impact, exposure, mitigation, ownership, deadlines, and evidence so project teams can distinguish observation from confirmed issue and choose the appropriate response.
Scope controls and indicators
Object Type selects Risks, Issues, or both. Project narrows scope. Exposure selects configured impact bands. Owner filters accountability.
Open Risks and Active Issues show current registers. Mitigations Overdue counts response work past due. Exposure Reduced shows the recent reduction attributable to completed or accepted mitigations, with its calculation available.
Likelihood × impact matrix
The matrix positions risks using configured likelihood and impact. Selecting an item opens its statement, evidence, assumptions, affected milestones or value, owner, mitigation, and review date. Issues are visually distinguished because their impact has already occurred.
Critical exposure and mitigations
Critical exposure lists the highest material items with business effect. Mitigation due this week shows task, owner, deadline, state, and expected exposure change. Exposure by cause groups external dependency, acceptance, capacity, scope, vendor, or other causes. Mitigation effectiveness compares expected and observed outcomes.
Actions
- Create a risk or issue from a finding.
- Convert a risk into an issue when the trigger has occurred.
- Assign owner, likelihood, impact, review date, and mitigation.
- Open or attach evidence.
- Escalate a critical or overdue item.
- Approve a proposed mitigation or capacity response.
- Close only with outcome evidence and residual-risk statement.
Recommended procedure
Review critical items, confirm whether they are risks or issues, and validate affected dates or value. Ensure every material item has an owner, next review, and response. Record residual exposure after mitigation rather than marking the item resolved solely because a task completed.