With regard to the Issue Log, I have been in too may projects where there was no standard form (i.e. definition of the set of information required when submitting an issue) and no central collection point not to appreciate the need for the Issue Log. How else will you ensure that everyone can see what everyone else has raised? What easier way is there to check that impact analysis has been done, that action is being taken, that you know who is working on it, what the result was? I don’t think it needs to be over-complicated, but you do need a list of issues, date, who raised it, who is dealing with it and what the status is. You could take the two ‘who’ questions and put that info on the actual issue form. Knowing and tracking issues is part of a project’s health check for the pm.