A risk can be
understood as a particular event, which is uncertain in its outcome, and which
can affect the results of objectives planned to be achieved from a particular
project. Risks can lead to the success or failure of a project. Risks, which
can lead to positive results, are interpreted as “opportunities”, while those,
which can adversely affect, or create a negative outcome, should be understood
as “threats”.
It is important to manage the risks associated with a project on
a proactive basis. Moreover, active efforts should be made to properly analyze
a project for the risks involved, or associated with it. The analysis should be
ideally carried out before the project is initiated. Thereafter, the analysis
should be carried out on a routine basis, and frequently, until the project is
successfully completed. A proper and effective procedure should be followed to
identify and analyze the risks. It is imperative to follow a standardized
routine which can correctly identify, evaluate, and provide a valid and
effectual solution of a possible threat which can adversely affect the
project’s outcome.
How risks should be addressed
First of all,
it is important to identify the risks. Once they are correctly identified, they
should be classified depending upon how severe they are, and up to what extent
they can affect the project’s outcomes. Risks, which are likely to create a
greater impact, should be addressed first, followed by those which can create a
lesser impact. To determine how risks can affect the results, it is imperative
to find the root cause, identify the area of uncertainty, and what kind of
potential damage they are likely to cause.
Identifying risks during scrum implementation
Scrum projects
too are associated with certain developmental risks. Even though the risks may
not be fatal or critical in nature, they may nevertheless result into excessive
loss of money in terms of redundant development activities or non-performing
projects. As per the “The Scrum Body of Knowledge”, ad definitive guide which
deals with the explanation of scrum and how it ought to be ideally implemented,
each team member should be able to identify potential risks as and when they
are likely to surface during the project implementation. Moreover, risk
identification should be an inherent part during the implementation process,
and should be carried out on a regular basis. Some suggested techniques might
help you identify the risks in scrum:
1. Lessons learnt from sprint
retrospectives
Sprint retrospective are specially conducted to identify any pitfalls
which might occur during the sprint activity. Generally, problems are detected
during the retrospective discussions since product owners and team members
discuss various topics in depth and put in efforts to find out how effectively
the sprint has progressed, and what kinds of problems are likely to arise
during the development activity. They are a great way to identify any potential
problems which may affect the project over a period of time, or which are
likely to surface in the near future during an ongoing sprint.
2. Risk checklists
The risk checklists include certain key points which are identified as
root causes capable of inducing risks during the project implementation.
Generally, the list includes those factors which are encountered while the sprint
is underway, or when the project is being implemented. Risk checklists contain
problematic causes which are often anticipated by the team members capable of
causing potential problems.
3. Risk prompt lists
These lists are generally created out of brainstorming sessions. They
may not necessary hamper the project, or cause impediments for sure, but they
are potential pitfalls which team members should be wary of during the project
implementation.
4. Brainstorming sessions
They included in-depth and detailed discussions regarding problems
likely to occur during the planned sprint or project implementation. Usually
more experienced team members take part in these discussions, and they
contribute their suggestions based upon their experience and levels of
expertise.
5. Risk breakdown structure
This is an important tool, or technique used to identify potential key
risk areas of development which can lead to problematic situations as far as
development is concerned. Risks are identified and segregated into groups based
upon their potential to cause problems. Risks are typically categorized as
those belonging to financial, technical, or safety related nature. It allows
the team to prepare for any eventualities, which may arise during the project
implementation.
Find out more, and download our free QuickScrum tool which can help you in implementing scrum in an effective and profitable way!
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