A project manager is leading an innovation project that is facing a lot of risks due to a high level of uncertainty. What strategy should the project manager use to manage these risks using an agile approach?
A project manager is leading an innovation project that is facing a lot of risks due to a high level of uncertainty. What strategy should the project manager use to manage these risks using an agile approach?
In an agile approach, it is crucial to manage risks dynamically due to the inherent uncertainty in innovative projects. Evaluating risks constantly and reprioritizing work as the project progresses aligns well with agile principles, which emphasize flexibility, continuous improvement, and iterative development. This strategy ensures that the team can adapt to new information and changes, addressing risks proactively to minimize their impact on the project's success.
Ok D is answer. Option A (Developing an agile risk matrix) may be helpful, but it is not specific to an agile approach and may not be suitable for managing risks in an innovative project
D is correct. There is no such thing as agile risk matrix
I would go with D, as the risks should be constantly evaluated and addressed
Abd, yes, there is risk matrix in agile, but while A is what you do at the beginning of a project, D is what you do in this case, even as the project progresses.
I'll take D. It's Agile and there is no risk matrix. But regular evaluation seem closer to what is done in Agile
Agile let's you decide how much risk management you need and when - based on the nature of the project. No general requirement or need for a special matrix here (also this term does not exist I believe).
Risk Matrix in Agile!! I don't think there is a such thing.
High risk, high value
D is better fit
I think D is better than A as it emphasizes constantly addressing risk & prioritize work
both A and D are correct, but D is more correct. D has elements of constant evaluation of risk and reprioritization
For disciplined agile, prioritize work based on risk for early mitigation, it's D.
Is there anything like an agile risk Matrix? D is the answer.
D is correct
D. Evaluate the risks constantly and reprioritize work as the project progresses
Managing risks is a continuous process
I think that's because agile method doesn't have a specific item called risk matrix.
"A" is the right answer