At a recent roundtable discussion on risk management, Leo Sadovy took part in a lively conversation about what agile risk management could be. In short, the panel decided that agile is a big deal:
The group consensus was that “agile” does in fact change the game. In today’s environment, it is highly unlikely that your typical two-to-four year new product / new market / IT system initiative/project/investment will end up looking much like it was originally drawn up. Therefore, does every project get re-planned as the business actively responds to changes in the market with changes at the strategic level? If you were to conduct a post-mortem, what should the final success measurement criteria be – the original, or the last version left standing?
Sadovy believes that agile risk management is more or less scenario planning. Taking best case and worst case (and the most volatile case) into consideration takes time and effort. However, if the project is important enough, it’s worth doing.
The group, however, didn’t quite see this as the catch all to the question. They believed overall “that these operational risk management processes as currently constructed cannot survive.”
While the group couldn’t produce what an agile risk management process might be, the panel did touch on a very interesting idea: how does one create a risk management process in an agile world?
Read the full article here: http://blogs.sas.com/content/valuealley/2014/02/18/agile-risk-management-what-might-that-look-like/