KNOWLEDGE AND SKILLS LEVEL
Tools and Techniques: High
Although every activity of an enterprise has an element of risks attached to it, effective risk management techniques can mitigate the noxious effects of risks coming to fruition. The American Express Bank, for example, obviously succeeded in managing risks effectively and professionally, because of which the centres in New York were back in operation just a day after the 9/11 attacks avoiding loss of revenue measured in millions of dollars.
An important responsibility of the team in Agile project is to identify all potential risks. Risks are events or actions which affects the project ...