Project Managers, What Should You Take On The Way To Your Agile Journey? Part 2 - Risk Management

Post date: Apr 14, 2015 7:26:14 AM

In your experience in project management so far for every project you did some amount of risk management either as qualitative or at quantitative level, identifying those threats (negative risks) and opportunities (positive risks) helping you to prepare yourself for the unexpected.

During workshops focusing on identifying possible risks and their triggers, a qualitative analysis is in general performed in order to assess and categorize risks and then if the need arises, a more in-depth, quantitative risk analysis is performed.

Both risk analysis procedures can be applied, with great amount of success, in an agile setup in order to prioritize user stories. There are several factors (such as financial value, generating knowledge about the product and the project, risks uncovered) playing a role in user story prioritization and risks is one that can make the difference between a successful product and a total failure.

It is important to steer user story prioritization so that these risks can be tackled and managed easily and here your existent risk management knowledge can bring you far on the right path.