Confusion between unknown risk & issue.
HI,
What for the management reserve is used? Answer should be for unknown risk (unknown unknown)Now scenario-1, An unanticipated risk has identified. Next action should be document in the risk register and follow the risk management process.
Scenario-2: An unanticipated risk has occur &ndash it is no longer a risk, it’ s a reality or given situation or condition or problem in hand. Next action should be workaround and use the management reserve to overcome the problem. So management reserve is used for Issue.
So ultimately there is no concept of unknown risk, if event is yet to occur it is a risk or known risk, if already occur it’ s an issue.
Please help.
I didn' t find the right solution from the Internet.
References:
http://forum.izenbridge.com/viewtopic.php?f=3& t=3216
Thanks!
