Chapter 10
Risk Management
The overall purpose of risk management is to identify, analyze, respond to, and monitor risk factors throughout the project life cycle. Risk management requires understanding risk events, assessing their impacts on a project, determining the best way to deal with them, developing and executing a plan for managing them, and monitoring progress. It also includes the possible emergence/identification of unforeseen opportunities, and strategies to exploit them.
In an Adaptive/Agile Environment, use of frequent reviews of incremental work products and cross-functional project teams accelerate knowledge sharing and ensure that risk is understood and managed. Risk is considered when selecting the content of each iteration, ...
