Agile Methodolgy

In: Computers and Technology

Submitted By kalani21
Words 709
Pages 3
[Date]
[Date]
By: Kalani Wijeratne
Melissa Chen

By: Kalani Wijeratne
Melissa Chen

Report regarding the deployment of Traditional Risk Management processes to Agile (SCRUM) methodology.

Report regarding the deployment of Traditional Risk Management processes to Agile (SCRUM) methodology.


The deployment of Traditional Risk Management processes to Agile (SCRUM) methodology.
Risk management is a critical aspect of any project management processes and is also included as one of the knowledge areas in the PMBOK. Risks involved in every project need to be identified, controlled and monitored appropriately.
Risks In traditional risk management processes five basic components are considered in managing the risks. Risk identification, risk analysis, risk controlling, risk finance and risk administration. In agile methodology generally risks are monitored and controlled in a daily basis by communicating them in scrum meetings and this shows that irrespective to its methodology in project management approaches, risks are inevitable in a project. In traditional approach the risks management involves the executive and stakeholders at the initiating and planning phases to identify risks and produces a risk management plan. In scrum methodology the stakeholders, developing team, scrum master collaborate in multiple levels to identify and control the risks. The basic components proposed in traditional management can be applied to mitigate and reduce risk in any project with different approaches.
Nevertheless, in agile methodology it would not be best suited to follow strict traditional risk management process due to iterative nature in the approach. Keeping in mind to consider the basic foundation of traditional risk management, risk management in agile methodology should be customized according to time, scope and cost of the project.…...

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