How is a risk differentiated from an issue in change management?

In change management, a risk refers to a potential problem that has not yet occurred but could potentially impact the project or initiative negatively. It implies uncertainty regarding future events or conditions that could lead to negative outcomes. Identifying risks is critical because it allows management to implement strategies to mitigate these risks before they manifest into actual problems.

On the other hand, an issue is defined as a current problem that is already impacting the project. It needs immediate attention and action to resolve. Issues are tangible and present, whereas risks are abstract and related to future uncertainties.

Recognizing this distinction helps teams prioritize their efforts: managing risks proactively to prevent them from turning into issues and addressing issues that require immediate resolution. This differentiation is fundamental in effective change management to ensure smooth project execution and avoid setbacks.