Risk Management in Agile methodology where we will see what Risk and Risk Management is, types of Risk how to mitigate them, what are the metrics to control risk. Different type of risk we come across in agile and how scrum events can help us out to overcome risk.

1. Risk Management
Raviraj Vangari

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3. 1. Introduction to Risk Management
 1.1 What is Risk
 1.2 Risk Management
 1.3 Importance of Risk Management
 1.4 Impact of unaddressed Risk
 1.5 Risk Management Strategy
2. Section 2- Benefits of Proactive Risk Management
3. Section 3- Iterative Risk Assessment
4. Type of risk and how to Mitigate them
5. Collaborative Risk Ownership
6. Risk Burndown Chart
7. Continuous Risk Monitoring and Contingency Plan
8. Communication and Transparency to Reduce Risk

5. What is Risk
 Risk is an uncertain event about deviation from expected earnings or expected outcome.
 Risk may have positive or negative Impact.
Risk Management
Project risk management is the process of identifying, analyzing and responding to any risk that arises over
the life cycle of a project to help the project remain on track and meet its goal. Risk management isn’t reactive
only; it should be part of the planning process to figure out the risk that might happen in the project and how
to control that risk if it in fact occurs.

6. Importance of Risk Management
 The Agile project Risk management can help minimize risks, as the risk management approach is built into
the iterative process. As part of each sprint or iteration, the risk management processes are conducted to
ensure that risk is given enough attention.
Impact of unaddressed Risk
 If you don't manage project risks and issues effectively, you expose your project to various negative
consequences, such as scope creep, schedule delays, budget overruns, quality issues, and stakeholder
dissatisfaction.

7. Risk Management Process
01 02
03
05 06
04
Identify the Risk
Prioritize the Risk
Respond to the risk
Analyse the Risk
Assign Owner for Each
Risk
Monitor the Risk

9. Benefits of proactive Risk Assessment and
Identification

10. Benefits of proactive Risk Assessment
and Identification

12. Iterative Risk Assessment

14. Types of Risk
 Technology Risk
 Communication Risk
 Scope creep Risk
 Cost Risk
 Operational Risk
 Health and Safety Risk
 Skill Resource Risk
 Performance Risk
 Market Risk
 External Hazards Risk

16. Collaborative Risk Ownership
 Emphasis on shared responsibility among team Members.
 Everyone's involvement in identifying ,assessing and Mitigating Risks.

18. Risk Burndown Chart
 Risk Burndown graphs are very useful Communication Tool for seeing if the total project risk is increasing or
decreasing over time. It allows stakeholders to see instantly if we are reducing project risk.
There are two key pieces of information which the Risk Burndown Graph shows immediately:
 Whether the overall level of risk in the project or program is decreasing over time (are we reducing project
risk?)
 Whether individual risks are increasing in severity over time and whether new risks are being introduced.

20. Continuous Risk Monitoring and Contingency Plan
A continuous risk management process enables
you to:
 Respond More Quickly to New Risks. If
ransomware attacks are on the rise, your business
needs to know about it sooner rather than a year
later. ...
 Check the Effectiveness of Controls Sooner. ...
 Get Leadership to Love you.
Continuous Risk Monitoring
 By creating a business contingency plan,
project managers can identify potential risks
and develop strategies to mitigate them,
reducing the likelihood of project delays,
budget overruns, and other negative
outcomes.
Contingency Plan

22. Open Communication and Transparency
 Effective communication promotes alignment
and transparency in Agile environments. By
regularly sharing information, progress, and
challenges, team members can ensure that
everyone is on the same page and working
towards common goals
Open Communication
 Transparent communication enables teams to
make informed decisions, prioritize work
effectively, and adapt to changes swiftly. We
will delve into techniques and best practices
that foster alignment and transparency,
emphasizing the importance of shared goals,
clear communication channels, and open
dialogue.
Transparency