Risk management in Agile software development projects
In Agile risks are identified continuously during sprint planning, demos, retrospectives, and daily stand-ups.
Differentiate between a Risk and an Issue
Sometimes risks are mistaken as issues. However, issues are events or problems that are already currently happening.
Risks are problems (or opportunities) that might happen in the future. Risks can be 'good or bad events' , i.e. risks or opportunities.
The goal of risk management is to decrease uncertainty. It involves minimizing the consequences of harmful events and maximizing the results of positive events.
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- Identify risks continuously
- Practise active listening
- Identify team dysfunctions
- Differentiate between a Risk and an Issue
- Create a safe team environment
- Involve stakeholders when identifying risks
- Use risk categories to identify more risks
- Brainstorm risks
- Conduct a pre-mortem to identify more risks
- Set up expert interviews
- Set up an anonymous system for reporting risks
- Identify risk triggers
- Prioritise risks
- Assign risk owners
- Evaluate and prioritize risks
- Control risks
- Monitor and review risks
- Plan response strategies
- Consider residual and secondary risks
- Assess risk interactions
- Learn from other teams
- Identify assumptions
- Check historical records
- Determine whether you need more formal risk management
- Check if your team identified Safety or Health risks
- Define your risk appetite
- Use the cause-risk-effect format to name risks
- Create a Risk Burndown Chart
- Make a Risk-adjusted Backlog
- Create a Risk Board
- Continuously improve