COMPETENCE 28: RISK AND ISSUE MANAGEMENT
The ability to identify and monitor risks (threats and opportunities); to plan and implement responses to those risks, and respond to issues that affect a change initiative.
Risk management is the proactive process to identify, assess and respond appropriately to risks. Examples of risk management includes discerning which threats to actively minimise, and opportunities to maximise or pursue. Issue management is about having the flexibility to react to issues in ethical and appropriate ways, including escalation to the appropriate authority.