Vanilla Agile Risk Management- Flavored with some traditional practices
Channel: OGuild
Date: 04/07/2015

Ankit Tandon, Scrum Master with SDG SIPL, a Servant Leader with more than 4 years of experience in managing, leading Cross-Functional Scrum development teams to higher performance by using Scrum and other Agile practices. He has helped teams in becoming Agile by successful adoption of Agile principles and best practices. 
 
In traditional risk management process, a complete list of potential risks with their priority and a plan to mitigate them is prepared upfront. A lot of time and effort is spent towards these hypothetical risks both in upfront planning and in on-going monitoring and discussion.

While in Agile, the process is rather emergent in nature. The realization of risk occurs quickly and abruptly. Team gets a sense of it at the earliest possible stage, delay time is less as the risk gets highlighted in the daily stand up, review, retrospectives or release/sprint planning meetings. It is more a real time thing in Agile. But are an application of these Agile practices enough to manage risks in an Agile bound project? Or with little adjustments can the traditional risk management be more powerful with Agile methods?