Project management entails many processes, including planning/development, execution/production, and monitoring/controlling, and closing. Issue project management is implemented when an issue or problem needs to be solved by project managers. It must be tackled immediately to safeguard the project.
It continues with no delay, but it is not risky. Issues are relatively easy to solve. On the other hand, risk project management is utilized when the team is handling a risk or problem that may occur in the future.
Risks can become future problems and must be managed because they could have an enormous impact on the productivity of the current project. Risk management requires a clear action plan which must be instructed and explained thoroughly to the project team members so that when problems do come up, they are solved more successfully.