The Organisational Path to Risk Maturity
The reason we are mentioning this is that there may be an existing framework for risk management that is used in your organisation, and you should use that framework and any related tools to report on your project risk, rather than re-invent the wheel. There will also be reporting lines to be observed, and, in the spirit of the Agile Manifesto, you want to keep your customers informed about the risks of the project as well as the progress, thus maintaining transparency.
The Agile Risk Management Process
The essence of risk management is the proactive identification of risk, definition of strategies to mitigate where possible and acceptance where risk cannot be mitigated.
Risks may be internal, that is project risks which are under the control of the team, or external, which the team cannot control, but must accept that they may occur. A typical internal risk would be a team member leaving the project; a typical external risk would be a change in legislation that directly affects the product development.
Recommended Further Reading
The following materials may assist you in order to get the most out of this course: