While a risk is something that hasn’t happened yet, an issue is something that has happened – whether it was a risk or not. An issue is basically a problem that must be resolved.
It can be as simple as resources not arriving on time, or something so complex that the entire project grinds to a halt. For example, an $85 million hotel project in the United States recently experienced the worst kind of issue when the construction collapsed, killing two workers.
It appears that this issue may have been preceded by risks that could have been addressed.
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