Risk Management and Agile Project Management
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Abstract
The previous chapter explicated the components of the project plan from the traditional project management (TPM) standpoint. In this chapter we explore the risk management system while linking this to the concept of Agile in managing projects. The rationale rests on the bedrock of project success which is directly proportional to the effectiveness of the risk man- agement system. The higher the uncertainty about the event scope, the more likely the management team will face a real challenge trying to develop an effective risk management system following the TPM approach. The first part of this chapter explicates the main components of the risk management system from TPM perspective. The basic concepts of Agile Project Manage- ment (APM) are then presented and discussed in the context of event man- agement. The chapter wraps up with some useful projections justifying the claims that APM tools and techniques can be utilized to proactively manage risk in the context of event thus enhancing the overall success of the event.