Beginning to think about risk management in Agile projects

I’ve been thinking a lot about risk in Agile projects recently. It is something that I’ve known for a while we need to manage better. Here’s some of what I’ve discovered so far.

A few months ago I attended a three-day training course on portfolio, programme and project offices (P3O). It was fascinating and introduced me to, among other things, the P3M3 — because what we really need at St Andrews is more abbreviations! — which is the portfolio, programme and project management maturity model.

I was immediately interested in the — abbreviation warning! — PjM3, the project management maturity model, and used it to evaluate how we manage projects. Within this model, project management is broken down into seven elements:

  1. Management control
  2. Benefits management
  3. Financial management
  4. Organisational improvement
  5. Risk management
  6. Organisational governance
  7. Resource management
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