Risk Management is an organized decision-making process that efficiently plans, assesses, handles, monitors, and documents risk to increase the likelihood of achieving project goals and decrease the likelihood that a risk would become a future problem. The introduction of agile project management as a methodology in organizations poses new challenges to risk management. Although some of the conventional methods can be applied, it is important to take into account the specific characteristics of the agile methodology. This implies a more dynamic application of a set of methods and techniques for identifying, analyzing, assessing, and affecting risk. Risk management is a complex activity requiring a specific approach in terms of the capacity of an organization and the characteristic features of projects. Risk management is an important part of the integrated project management framework. It is not a coincidence that this process is included in the methodologies of the Project Management Institute and the International Project Management Association as well as in a number of standards.Risk management is a complex activity requiring a specific approach in terms of the capacity of an organization and the characteristic features of projects. This means that even when standard rules, procedures, methods and techniques for project risk management exist, they need to be adapted to each particular case, analyzed and verified in the course of their implementation. Thus, this process can be highly effective.Organizations’ expectations of enhancing their effectiveness through risk management pose new challenges to project risk management methods and techniques. The dynamics of environmental factors – internal and external – is the main prerequisite for the attention managers pay to this process.It is important to note that each project is specific and standardized risk management systems would be not only difficult to implement, but also ineffective. The agile approach to project management implies agile risk management. This means that standard risk management methods, techniques and limitations need to be adapted to the specifics and complexity of a project on the one hand, the requirements of stakeholders, and the team and organizational capacity, on the other.The report focuses on issues related to agile project management, the integration of risk management into the project management process, and some contributing points of the agile methodology to improving the effectiveness of the project management process. Risk is presented as an unforeseen event that may have a positive or negative impact on project goals. The main advantages of agile risk management in a project and the possibility of integrating it with the overall project management are highlighted.
An Assistance to Project Risk Management Based on Complex Systems Theory and Agile Project Management