Disciplined Agile

Address Risk

This ongoing process goal describes how we will identify, mitigate, and monitor risks within our team. To be effective, we need to consider several important questions:

  • How will we manage identified risks?
  • How will we mitigate risks?
  • How will we monitor risks?
2021 Project Management Institute Address Risk v5.2 Choose Risk Strategy Identify risk appetite Identify risk attitude Identify risk threshold Risk/value life cycle Tailor your approach Identify Risks Collaborative discussions Expert judgment Formal risk session Informal risk session Interviews Patterns/common lists SWOT analysis Categorize Risks Architecture Dependency Economic Environmental Legal Life cycle Political Quality and testing Requirement Schedule Socio-cultural - Teams Security Identify Compound Risks Identify aggregate risks Identify dependent risks Classify and Score Risks Assess probability Assess impact Assess severity Qualitative analysis (prioritization) Qualitative analysis (quantification) Quantitative analysis Address a Threat Avoid Mitigate Transfer Escalate Accept Address an Opportunity Exploit Escalate Share Enhance Accept Document a Risk Sticky notes/index cards Lightweight description Detailed description Track Risks Work backlog Risk burndown Risk backlog Risk list Risk register/database No tracking Monitor Risks Information radiators Informal reviews Audit/formal reviews

Figure 1. The Address Risk process goal diagram (click to enlarge)

More Information

Choose Your WoW!

The strategies/practices referenced in the goal diagram above are described, including the trade-offs involved and considerations for when (not) to apply them, in the book Choose Your WoW! A Disciplined Agile Delivery Handbook for Optimizing Your Way of Working.

If you want to succeed at enterprise agile you need choices, not prescriptions.