SlideShare a Scribd company logo
What is a Risk?
 A Risk is an uncertain event that could impact your chosen path should it be
realised.
 Risks are events that are not currently affecting you – they haven’t happened
yet.
 Once a risk is realised, it has the potential to become an Issue.
Aim of Risk Management
 1) Prevent the realisation of a risk or
 2) to minimise/manage/neutralise the impact of this risk once it has been
realised.
If you succeed in point 2 then the net impact of realizing the risk may be totally
acceptable i.e. no issue at all.
Risk Management for Projects
 Agile Risk Identification
 Agile Risk Assessment
 Agile Risk Response
 Agile Risk Review
Agile Risk Management – Identifying Risks
• In Agile environments, the team
shares responsibility for identifying
risks that might affect a sprint,
project or programme of
development.
• The Scrum meetings provide a
strong forum for identifying risks on
a daily basis.
Identifying Risks(Cont…)
Requirements Workshop:
– The team and the Product Manager discuss new ideas and a rough idea of the
effort required to deliver them.
– This conversation allows the Product Manager to re-consider and/or adjust
requirements in a way that maximises value and minimises risk/uncertainty.
Planning Poker:
– Here the team estimates the relative size of each User Story.
– This is yet another opportunity for a Product Manager and a team to reduce risk
by rejecting User Stories over a certain size – they’re either broken down into
smaller stories.
Scrum of Scrum:
– In this session, we review project-level progress, risks and issues. The session is
attended by the Scrum Master(s), Product Manager and Product Owner(s).
Identifying Risks(Cont…)
Sprint Planning:
– Sprint Planning is yet another opportunity for the team to identify, assess and
respond to Risk.
– They only accept work they feel confident about delivering.
The Daily Scrum:
– Once the sprint has commenced, the Daily Scrum becomes the main forum for
raising Risks and Issues.
– We ask the question “Is anything blocking you or likely to block you from
progressing as planned?”.
– We add highlighted risks to the Risk Board and catch up with the individual
after the Daily Scrum to gather more details
Identifying Risks(Cont…)
Sprint Review:
– This session also provides an opportunity to highlight successful mitigation
activities – it’s good to keep your stakeholders informed of what’s going on.
Sprint Retrospective:
– Retrospective discussions will focus primarily on the idea of continual
improvement and Risks can be unveiled at this session.
– The key questions answered at a retrospective are:
• 1. What went well last sprint?  This could be the successful handling of a
risk.
• 2. What didn’t go so well last sprint?  This could be the realization of a risk
or the re-occurrence of an issue.
• 3. What will we do differently next sprint?  This could include risk
mitigation activities.
Agile Risk Management – Assessing Risks
We use two measures to describe a risk:
 The probability/likelihood of it being
realized
 The impact it will have if it is
realized
Assessing Risks(Cont….)
We assess Risks based on their severity.
Let’s take 1 being low impact/probability and 5 being high
impact/probability
• A User Story is severely underestimated in the first sprint,
compromising the team’s ability to deliver their commitments (1,5)
• A User Story is severely underestimated in sprint 10, compromising the
team’s ability to deliver their commitments (5,1)
Agile Risk Management – Risk Response
There are four different categories
of Risk Responses
1) Mitigate
2) Avoid
3) Contain
4) Evade
Risk Response(Cont….)
Mitigate: Agile teams employ risk mitigation techniques via their
use of ‘Velocity’
– They Stretch Tasks as a way to manage expectations about delivery
capacity
– The team commits to less but has a number of additional User
Stories waiting in the wings for them to consume in the event the
risk is not realised.
Avoid: This describes a scenario where a project or a part of a
project is cancelled in order to remove the threat of realisation.
– As described above, the Product Manager will often remove a User
Story or amend a requirement in order to reduce or remove an
element of risk.
Risk Response(Cont….)
Contain: To contain a risk describes a situation whereby you agree to
deal with it and when it occurs.
– These risks tend to be low(er) impact and/or less likely to occur thus.
– On the other hand, it may be decided that the impact associated with
mitigation or
– avoidance would have a greater negative impact than the realisation
itself. In other words you are prepared to take the risk.
Evade: To evade a risk means to take no action at all.
– The risks which warrant this type of response are likely to be low
impact risks, whose realisation would have little to no effect on
project or company objectives.
Agile Risk Management – Risk Review
Risk Review is the final stage in
the Agile Risk Management
process.
Risk Review(Cont….)
The ‘Review’ stage in the Risk Management life cycle is three-fold:
– Reviewing active risks to ensure that responses are delivered in a
timely/efficient manner
– Reviewing the risk management process to ensure that it is optimised
– Reviewing the impact of risks and risk realisation on project and
company objectives
Agile Issue Management
Agile Issue Management
• Scrum is great at handling immediate issues they’re more commonly
referred to as ‘Impediments’.
• Team raises issues daily via the Daily Scrum.
• Some teams like to keep track of all of these impediments by using an
Issues Snake or an Issues Calendar.
How this works ?
• Every time an issue is raised at the Daily Scrum, you write it on a post-it and place it
somewhere visible.
• If the same issue is raised more than once, you add another post-it-note to the board.
• This helps to keep track of blockages and disruptions and can be used to drive
conversation at the end-of-sprint Retrospective or at the end-of-sprint Review.
• This approach also helps you to quickly identify re-occuring issues/blockages.
Issues Calendars
Issues Calendars are particularly useful as you can compare them to the
team burndown to better understand velocity variances e.g. ‘the team
burndown suffered on that day as they were dealing with a particularly
hefty impediment.’
Issues Snake
This is another way of maintaining the daily issues
Agile issue management Vs. Traditional issue management
• Agile Issue Management is built into the delivery process- e.g. Daily
Scrum
• The Team works together to raise and clear issues
• Documentation is kept to a minimum – all energy is put into clearing the
issue
• The team regularly reviews their issue management approach in hopes to
improve their handling techniques
Agile issue and risk management sunny1

More Related Content

What's hot

Risk Management
Risk ManagementRisk Management
Risk Management
poornimaholla
 
STRIDE Standard Process for RISK
STRIDE Standard Process for RISKSTRIDE Standard Process for RISK
STRIDE Standard Process for RISK
Romains Bos, PMP, MBA
 
Assessing Enterprise Project Risk
Assessing Enterprise Project RiskAssessing Enterprise Project Risk
Assessing Enterprise Project Risk
Glen Alleman
 
Session 18 -2 PMP 4th edition
Session 18 -2  PMP 4th editionSession 18 -2  PMP 4th edition
Session 18 -2 PMP 4th edition
محمد عصمت عبد الرازق
 
Software Risk Management
Software Risk ManagementSoftware Risk Management
Software Risk Management
Gunjan Patel
 
Software testing - Risk management
Software testing - Risk managementSoftware testing - Risk management
Software testing - Risk management
PractiTest
 
Project Risk Management
 Project Risk Management Project Risk Management
Project Risk Management
Hayat Denzi
 
Lecture 03 Software Risk Management
Lecture 03 Software Risk ManagementLecture 03 Software Risk Management
Lecture 03 Software Risk Management
Achmad Solichin
 
Risk Management
Risk ManagementRisk Management
Risk Management
Kinza Razzaq
 
Risk Management in Sprint Environment
Risk Management in Sprint EnvironmentRisk Management in Sprint Environment
Risk Management in Sprint Environment
Mike Wienold
 
Project Risk
Project RiskProject Risk
Project Risk
Rohit Kumar
 
Managing Risk as Opportunity
Managing Risk as OpportunityManaging Risk as Opportunity
Managing Risk as Opportunity
Glen Alleman
 
Risk assesment template
Risk assesment templateRisk assesment template
Risk assesment template
Glen Alleman
 
Risk Management Maturity Model (RMMM)
Risk Management Maturity Model (RMMM)Risk Management Maturity Model (RMMM)
Risk Management Maturity Model (RMMM)
Adnan Naseem
 
The Art and Science Behind Successful Risk Workshops
The Art and Science Behind Successful Risk WorkshopsThe Art and Science Behind Successful Risk Workshops
The Art and Science Behind Successful Risk Workshops
Acumen
 
Project Risk Management - Introduction 2011
Project Risk Management - Introduction 2011Project Risk Management - Introduction 2011
Project Risk Management - Introduction 2011
Sasha Lazarevic
 
Project Management 05
Project Management 05Project Management 05
Project Management 05
Tathagat Varma
 
Risk Management
Risk ManagementRisk Management
Risk Management
Saqib Raza
 
Planning risk responses and Risk Controlling
Planning risk responses and Risk ControllingPlanning risk responses and Risk Controlling
Planning risk responses and Risk Controlling
Usama Fayyaz
 
112 risk management
112 risk management112 risk management
112 risk management
Dr Fereidoun Dejahang
 

What's hot (20)

Risk Management
Risk ManagementRisk Management
Risk Management
 
STRIDE Standard Process for RISK
STRIDE Standard Process for RISKSTRIDE Standard Process for RISK
STRIDE Standard Process for RISK
 
Assessing Enterprise Project Risk
Assessing Enterprise Project RiskAssessing Enterprise Project Risk
Assessing Enterprise Project Risk
 
Session 18 -2 PMP 4th edition
Session 18 -2  PMP 4th editionSession 18 -2  PMP 4th edition
Session 18 -2 PMP 4th edition
 
Software Risk Management
Software Risk ManagementSoftware Risk Management
Software Risk Management
 
Software testing - Risk management
Software testing - Risk managementSoftware testing - Risk management
Software testing - Risk management
 
Project Risk Management
 Project Risk Management Project Risk Management
Project Risk Management
 
Lecture 03 Software Risk Management
Lecture 03 Software Risk ManagementLecture 03 Software Risk Management
Lecture 03 Software Risk Management
 
Risk Management
Risk ManagementRisk Management
Risk Management
 
Risk Management in Sprint Environment
Risk Management in Sprint EnvironmentRisk Management in Sprint Environment
Risk Management in Sprint Environment
 
Project Risk
Project RiskProject Risk
Project Risk
 
Managing Risk as Opportunity
Managing Risk as OpportunityManaging Risk as Opportunity
Managing Risk as Opportunity
 
Risk assesment template
Risk assesment templateRisk assesment template
Risk assesment template
 
Risk Management Maturity Model (RMMM)
Risk Management Maturity Model (RMMM)Risk Management Maturity Model (RMMM)
Risk Management Maturity Model (RMMM)
 
The Art and Science Behind Successful Risk Workshops
The Art and Science Behind Successful Risk WorkshopsThe Art and Science Behind Successful Risk Workshops
The Art and Science Behind Successful Risk Workshops
 
Project Risk Management - Introduction 2011
Project Risk Management - Introduction 2011Project Risk Management - Introduction 2011
Project Risk Management - Introduction 2011
 
Project Management 05
Project Management 05Project Management 05
Project Management 05
 
Risk Management
Risk ManagementRisk Management
Risk Management
 
Planning risk responses and Risk Controlling
Planning risk responses and Risk ControllingPlanning risk responses and Risk Controlling
Planning risk responses and Risk Controlling
 
112 risk management
112 risk management112 risk management
112 risk management
 

Viewers also liked

PMI-ACP Lesson 9 Agile Risk Management
PMI-ACP Lesson 9 Agile Risk ManagementPMI-ACP Lesson 9 Agile Risk Management
PMI-ACP Lesson 9 Agile Risk Management
Thanh Nguyen
 
Managing Project Risks & Issues
Managing Project Risks & Issues Managing Project Risks & Issues
Managing Project Risks & Issues
Carl Phillips
 
Escalation process - Flow chart
Escalation process - Flow chartEscalation process - Flow chart
Escalation process - Flow chart
Greg Rodmell
 
Business flow process 4 stages powerpoint templates 0712
Business flow process 4 stages powerpoint templates 0712Business flow process 4 stages powerpoint templates 0712
Business flow process 4 stages powerpoint templates 0712
SlideTeam.net
 
Escalation lets do it right
Escalation   lets do it rightEscalation   lets do it right
Escalation lets do it right
Hrishikesh Karekar
 
Incident Management
Incident ManagementIncident Management
Incident Management
Abhishek Agnihotry
 
Technical Escalations Best Practices
Technical Escalations Best PracticesTechnical Escalations Best Practices
Technical Escalations Best Practices
magalong
 
Issue management
Issue managementIssue management
Issue management
Indransh Gupta
 
ITIL v3 Problem Management
ITIL v3 Problem ManagementITIL v3 Problem Management
ITIL v3 Problem Management
Josep Bardallo
 

Viewers also liked (9)

PMI-ACP Lesson 9 Agile Risk Management
PMI-ACP Lesson 9 Agile Risk ManagementPMI-ACP Lesson 9 Agile Risk Management
PMI-ACP Lesson 9 Agile Risk Management
 
Managing Project Risks & Issues
Managing Project Risks & Issues Managing Project Risks & Issues
Managing Project Risks & Issues
 
Escalation process - Flow chart
Escalation process - Flow chartEscalation process - Flow chart
Escalation process - Flow chart
 
Business flow process 4 stages powerpoint templates 0712
Business flow process 4 stages powerpoint templates 0712Business flow process 4 stages powerpoint templates 0712
Business flow process 4 stages powerpoint templates 0712
 
Escalation lets do it right
Escalation   lets do it rightEscalation   lets do it right
Escalation lets do it right
 
Incident Management
Incident ManagementIncident Management
Incident Management
 
Technical Escalations Best Practices
Technical Escalations Best PracticesTechnical Escalations Best Practices
Technical Escalations Best Practices
 
Issue management
Issue managementIssue management
Issue management
 
ITIL v3 Problem Management
ITIL v3 Problem ManagementITIL v3 Problem Management
ITIL v3 Problem Management
 

Similar to Agile issue and risk management sunny1

Pm0016 project risk management
Pm0016  project risk managementPm0016  project risk management
Pm0016 project risk management
smumbahelp
 
Problem Management - Systematic Approach
Problem Management - Systematic ApproachProblem Management - Systematic Approach
Problem Management - Systematic Approach
Yugi Achipireddygari
 
Corporate and Project Risk Management Toolkit
Corporate and Project Risk Management Toolkit Corporate and Project Risk Management Toolkit
Corporate and Project Risk Management Toolkit
Aurelien Domont, MBA
 
RISK MANAGEMENT IN SOFTWARE ENGINEERING.ppt
RISK MANAGEMENT IN SOFTWARE ENGINEERING.pptRISK MANAGEMENT IN SOFTWARE ENGINEERING.ppt
RISK MANAGEMENT IN SOFTWARE ENGINEERING.ppt
muhammad ijaz khan
 
Risk management in software engineering
Risk management in software engineeringRisk management in software engineering
Risk management in software engineering
FARZANARIAZBSCompute
 
Risk management plan loren schwappach
Risk management plan   loren schwappachRisk management plan   loren schwappach
Risk management plan loren schwappach
Loren Schwappach
 
Project Risk Management
Project Risk ManagementProject Risk Management
Webinar - Building Team Efficiency and Effectiveness
Webinar - Building Team Efficiency and EffectivenessWebinar - Building Team Efficiency and Effectiveness
Webinar - Building Team Efficiency and Effectiveness
Invensis Learning
 
PSPO 1 Roadmap by Vladimir Raykov
PSPO 1 Roadmap by Vladimir RaykovPSPO 1 Roadmap by Vladimir Raykov
PSPO 1 Roadmap by Vladimir Raykov
MuhammadZahidQazi
 
Risk Management Toolkit
Risk Management ToolkitRisk Management Toolkit
Risk Management Toolkit
PeterFranz6
 
Software Risk Management updated.ppt
Software Risk Management updated.pptSoftware Risk Management updated.ppt
Software Risk Management updated.ppt
umairshams6
 
On Risks and Agile Approaches
On Risks and Agile ApproachesOn Risks and Agile Approaches
On Risks and Agile Approaches
Emiliano Soldi
 
8. project risk management
8. project risk management8. project risk management
8. project risk management
Mohamed Salah Eldien Mohamed Ali
 
Pm0016 project risk management
Pm0016 project risk managementPm0016 project risk management
Pm0016 project risk management
smumbahelp
 
Risk-Management-ppt.pptx
Risk-Management-ppt.pptxRisk-Management-ppt.pptx
Risk-Management-ppt.pptx
YashuShukla2
 
Managing Risk in Agile Development: It Isn’t Magic
Managing Risk in Agile Development: It Isn’t MagicManaging Risk in Agile Development: It Isn’t Magic
Managing Risk in Agile Development: It Isn’t Magic
TechWell
 
Project risk management: Techniques and strategies
Project risk management: Techniques and strategiesProject risk management: Techniques and strategies
Project risk management: Techniques and strategies
DebashishDas49
 
PDCA
PDCAPDCA
QM-021-PDCA
QM-021-PDCAQM-021-PDCA
QM-021-PDCA
handbook
 
Risk response planning.pptx
Risk response planning.pptxRisk response planning.pptx
Risk response planning.pptx
SaranSaravanan22
 

Similar to Agile issue and risk management sunny1 (20)

Pm0016 project risk management
Pm0016  project risk managementPm0016  project risk management
Pm0016 project risk management
 
Problem Management - Systematic Approach
Problem Management - Systematic ApproachProblem Management - Systematic Approach
Problem Management - Systematic Approach
 
Corporate and Project Risk Management Toolkit
Corporate and Project Risk Management Toolkit Corporate and Project Risk Management Toolkit
Corporate and Project Risk Management Toolkit
 
RISK MANAGEMENT IN SOFTWARE ENGINEERING.ppt
RISK MANAGEMENT IN SOFTWARE ENGINEERING.pptRISK MANAGEMENT IN SOFTWARE ENGINEERING.ppt
RISK MANAGEMENT IN SOFTWARE ENGINEERING.ppt
 
Risk management in software engineering
Risk management in software engineeringRisk management in software engineering
Risk management in software engineering
 
Risk management plan loren schwappach
Risk management plan   loren schwappachRisk management plan   loren schwappach
Risk management plan loren schwappach
 
Project Risk Management
Project Risk ManagementProject Risk Management
Project Risk Management
 
Webinar - Building Team Efficiency and Effectiveness
Webinar - Building Team Efficiency and EffectivenessWebinar - Building Team Efficiency and Effectiveness
Webinar - Building Team Efficiency and Effectiveness
 
PSPO 1 Roadmap by Vladimir Raykov
PSPO 1 Roadmap by Vladimir RaykovPSPO 1 Roadmap by Vladimir Raykov
PSPO 1 Roadmap by Vladimir Raykov
 
Risk Management Toolkit
Risk Management ToolkitRisk Management Toolkit
Risk Management Toolkit
 
Software Risk Management updated.ppt
Software Risk Management updated.pptSoftware Risk Management updated.ppt
Software Risk Management updated.ppt
 
On Risks and Agile Approaches
On Risks and Agile ApproachesOn Risks and Agile Approaches
On Risks and Agile Approaches
 
8. project risk management
8. project risk management8. project risk management
8. project risk management
 
Pm0016 project risk management
Pm0016 project risk managementPm0016 project risk management
Pm0016 project risk management
 
Risk-Management-ppt.pptx
Risk-Management-ppt.pptxRisk-Management-ppt.pptx
Risk-Management-ppt.pptx
 
Managing Risk in Agile Development: It Isn’t Magic
Managing Risk in Agile Development: It Isn’t MagicManaging Risk in Agile Development: It Isn’t Magic
Managing Risk in Agile Development: It Isn’t Magic
 
Project risk management: Techniques and strategies
Project risk management: Techniques and strategiesProject risk management: Techniques and strategies
Project risk management: Techniques and strategies
 
PDCA
PDCAPDCA
PDCA
 
QM-021-PDCA
QM-021-PDCAQM-021-PDCA
QM-021-PDCA
 
Risk response planning.pptx
Risk response planning.pptxRisk response planning.pptx
Risk response planning.pptx
 

Recently uploaded

Governor Olli Rehn: Inflation down and recovery supported by interest rate cu...
Governor Olli Rehn: Inflation down and recovery supported by interest rate cu...Governor Olli Rehn: Inflation down and recovery supported by interest rate cu...
Governor Olli Rehn: Inflation down and recovery supported by interest rate cu...
Suomen Pankki
 
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
k4ncd0z
 
5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports
EasyReports
 
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
5spllj1l
 
Upanishads summary with explanations of each upnishad
Upanishads summary with explanations of each upnishadUpanishads summary with explanations of each upnishad
Upanishads summary with explanations of each upnishad
ajaykumarxoxo04
 
FCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptxFCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptx
nalamynandan
 
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
在线办理(UMASS毕业证书)马萨诸塞大学阿默斯特分校毕业证完成信一模一样
在线办理(UMASS毕业证书)马萨诸塞大学阿默斯特分校毕业证完成信一模一样在线办理(UMASS毕业证书)马萨诸塞大学阿默斯特分校毕业证完成信一模一样
在线办理(UMASS毕业证书)马萨诸塞大学阿默斯特分校毕业证完成信一模一样
5spllj1l
 
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
Falcon Invoice Discounting
 
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
5spllj1l
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Donc Test
 
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaNew Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
Amit Kakkar
 
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdfSeeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
Ashis Kumar Dey
 
Unlock Your Potential with NCVT MIS.pptx
Unlock Your Potential with NCVT MIS.pptxUnlock Your Potential with NCVT MIS.pptx
Unlock Your Potential with NCVT MIS.pptx
cosmo-soil
 
Applying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdfApplying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdf
alexiusbrian1
 
South Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma TranscriptSouth Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma Transcript
ynfqplhm
 
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfOptimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
shruti1menon2
 
Enhancing Asset Quality: Strategies for Financial Institutions
Enhancing Asset Quality: Strategies for Financial InstitutionsEnhancing Asset Quality: Strategies for Financial Institutions
Enhancing Asset Quality: Strategies for Financial Institutions
shruti1menon2
 
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptxOAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
hiddenlevers
 
Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)
AntoniaOwensDetwiler
 

Recently uploaded (20)

Governor Olli Rehn: Inflation down and recovery supported by interest rate cu...
Governor Olli Rehn: Inflation down and recovery supported by interest rate cu...Governor Olli Rehn: Inflation down and recovery supported by interest rate cu...
Governor Olli Rehn: Inflation down and recovery supported by interest rate cu...
 
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
 
5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports
 
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
 
Upanishads summary with explanations of each upnishad
Upanishads summary with explanations of each upnishadUpanishads summary with explanations of each upnishad
Upanishads summary with explanations of each upnishad
 
FCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptxFCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptx
 
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
 
在线办理(UMASS毕业证书)马萨诸塞大学阿默斯特分校毕业证完成信一模一样
在线办理(UMASS毕业证书)马萨诸塞大学阿默斯特分校毕业证完成信一模一样在线办理(UMASS毕业证书)马萨诸塞大学阿默斯特分校毕业证完成信一模一样
在线办理(UMASS毕业证书)马萨诸塞大学阿默斯特分校毕业证完成信一模一样
 
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
 
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
快速办理(SMU毕业证书)南卫理公会大学毕业证毕业完成信一模一样
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
 
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaNew Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
 
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdfSeeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
 
Unlock Your Potential with NCVT MIS.pptx
Unlock Your Potential with NCVT MIS.pptxUnlock Your Potential with NCVT MIS.pptx
Unlock Your Potential with NCVT MIS.pptx
 
Applying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdfApplying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdf
 
South Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma TranscriptSouth Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma Transcript
 
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfOptimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
 
Enhancing Asset Quality: Strategies for Financial Institutions
Enhancing Asset Quality: Strategies for Financial InstitutionsEnhancing Asset Quality: Strategies for Financial Institutions
Enhancing Asset Quality: Strategies for Financial Institutions
 
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptxOAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
 
Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)
 

Agile issue and risk management sunny1

  • 1.
  • 2. What is a Risk?  A Risk is an uncertain event that could impact your chosen path should it be realised.  Risks are events that are not currently affecting you – they haven’t happened yet.  Once a risk is realised, it has the potential to become an Issue.
  • 3. Aim of Risk Management  1) Prevent the realisation of a risk or  2) to minimise/manage/neutralise the impact of this risk once it has been realised. If you succeed in point 2 then the net impact of realizing the risk may be totally acceptable i.e. no issue at all.
  • 4. Risk Management for Projects  Agile Risk Identification  Agile Risk Assessment  Agile Risk Response  Agile Risk Review
  • 5. Agile Risk Management – Identifying Risks • In Agile environments, the team shares responsibility for identifying risks that might affect a sprint, project or programme of development. • The Scrum meetings provide a strong forum for identifying risks on a daily basis.
  • 6. Identifying Risks(Cont…) Requirements Workshop: – The team and the Product Manager discuss new ideas and a rough idea of the effort required to deliver them. – This conversation allows the Product Manager to re-consider and/or adjust requirements in a way that maximises value and minimises risk/uncertainty. Planning Poker: – Here the team estimates the relative size of each User Story. – This is yet another opportunity for a Product Manager and a team to reduce risk by rejecting User Stories over a certain size – they’re either broken down into smaller stories. Scrum of Scrum: – In this session, we review project-level progress, risks and issues. The session is attended by the Scrum Master(s), Product Manager and Product Owner(s).
  • 7. Identifying Risks(Cont…) Sprint Planning: – Sprint Planning is yet another opportunity for the team to identify, assess and respond to Risk. – They only accept work they feel confident about delivering. The Daily Scrum: – Once the sprint has commenced, the Daily Scrum becomes the main forum for raising Risks and Issues. – We ask the question “Is anything blocking you or likely to block you from progressing as planned?”. – We add highlighted risks to the Risk Board and catch up with the individual after the Daily Scrum to gather more details
  • 8. Identifying Risks(Cont…) Sprint Review: – This session also provides an opportunity to highlight successful mitigation activities – it’s good to keep your stakeholders informed of what’s going on. Sprint Retrospective: – Retrospective discussions will focus primarily on the idea of continual improvement and Risks can be unveiled at this session. – The key questions answered at a retrospective are: • 1. What went well last sprint?  This could be the successful handling of a risk. • 2. What didn’t go so well last sprint?  This could be the realization of a risk or the re-occurrence of an issue. • 3. What will we do differently next sprint?  This could include risk mitigation activities.
  • 9. Agile Risk Management – Assessing Risks We use two measures to describe a risk:  The probability/likelihood of it being realized  The impact it will have if it is realized
  • 10. Assessing Risks(Cont….) We assess Risks based on their severity. Let’s take 1 being low impact/probability and 5 being high impact/probability • A User Story is severely underestimated in the first sprint, compromising the team’s ability to deliver their commitments (1,5) • A User Story is severely underestimated in sprint 10, compromising the team’s ability to deliver their commitments (5,1)
  • 11. Agile Risk Management – Risk Response There are four different categories of Risk Responses 1) Mitigate 2) Avoid 3) Contain 4) Evade
  • 12. Risk Response(Cont….) Mitigate: Agile teams employ risk mitigation techniques via their use of ‘Velocity’ – They Stretch Tasks as a way to manage expectations about delivery capacity – The team commits to less but has a number of additional User Stories waiting in the wings for them to consume in the event the risk is not realised. Avoid: This describes a scenario where a project or a part of a project is cancelled in order to remove the threat of realisation. – As described above, the Product Manager will often remove a User Story or amend a requirement in order to reduce or remove an element of risk.
  • 13. Risk Response(Cont….) Contain: To contain a risk describes a situation whereby you agree to deal with it and when it occurs. – These risks tend to be low(er) impact and/or less likely to occur thus. – On the other hand, it may be decided that the impact associated with mitigation or – avoidance would have a greater negative impact than the realisation itself. In other words you are prepared to take the risk. Evade: To evade a risk means to take no action at all. – The risks which warrant this type of response are likely to be low impact risks, whose realisation would have little to no effect on project or company objectives.
  • 14. Agile Risk Management – Risk Review Risk Review is the final stage in the Agile Risk Management process.
  • 15. Risk Review(Cont….) The ‘Review’ stage in the Risk Management life cycle is three-fold: – Reviewing active risks to ensure that responses are delivered in a timely/efficient manner – Reviewing the risk management process to ensure that it is optimised – Reviewing the impact of risks and risk realisation on project and company objectives
  • 17. Agile Issue Management • Scrum is great at handling immediate issues they’re more commonly referred to as ‘Impediments’. • Team raises issues daily via the Daily Scrum. • Some teams like to keep track of all of these impediments by using an Issues Snake or an Issues Calendar.
  • 18. How this works ? • Every time an issue is raised at the Daily Scrum, you write it on a post-it and place it somewhere visible. • If the same issue is raised more than once, you add another post-it-note to the board. • This helps to keep track of blockages and disruptions and can be used to drive conversation at the end-of-sprint Retrospective or at the end-of-sprint Review. • This approach also helps you to quickly identify re-occuring issues/blockages.
  • 19. Issues Calendars Issues Calendars are particularly useful as you can compare them to the team burndown to better understand velocity variances e.g. ‘the team burndown suffered on that day as they were dealing with a particularly hefty impediment.’
  • 20. Issues Snake This is another way of maintaining the daily issues
  • 21. Agile issue management Vs. Traditional issue management • Agile Issue Management is built into the delivery process- e.g. Daily Scrum • The Team works together to raise and clear issues • Documentation is kept to a minimum – all energy is put into clearing the issue • The team regularly reviews their issue management approach in hopes to improve their handling techniques