Agile Risk Management
Risk Management processes may have the air of a traditional, process-driven project management activity. However, agile methods are great risk reduction vehicles, and are actually very well aligned for rapid risk identification and reduction. What is a Risk?A risk is some event or circumstance that could transpire and impact the project. The PMBOK talks about good risks (opportunities), but most risk literature focuses on events with potential for negative impacts (project risks). The risk management process outlined in the PMBOK is shown below: Where’s the “Risk Response Doing” Step?One step absent from this process is a “Risk Response Doing” step that focuses on executing the actions identified in the risk mitigation plan. In the defense of the PMBOK, these activities […]
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