Duration

AGILE RISK MANAGEMENT WORKSHOP

2 days

OVERVIEW

In project management certification courses, Agile methodologies have emerged as a dynamic and responsive approach to handling complex tasks. However, even in the world of Agile, where adaptability is a cornerstone, the element of risk remains constant. The success of any project, regardless of its Agile nature, depends on the ability to identify, assess, and effectively manage risks. This training provides professionals with information about the complexities of risk management in Agile and actionable insights on addressing challenges and fostering an efficient project delivery process.

Risk management is a crucial aspect of project and business management, aiming to identify, assess, and mitigate potential uncertainties that could impact objectives. The risk management process comprises several key steps to ensure a systematic approach to handling risks. In Agile risk management, identifying risks is crucial for effective control and mitigation. Agile practitioners use techniques like exhaustive risk checklists and document reviews. The project manager encourages collective risk identification. Let’s embark on this journey to empower your Agile endeavors with the knowledge and tools needed to stay ahead of the curve in an ever-changing business environment.

BENEFITSEarly Requirements Analysis - During discussions on project requirements, team members think about potential implementation risks, setting the stage for proactive problem-solving.

Precise Estimation in Agile Planning - In Agile planning, the team carefully figures out each task’s size, paying close attention to details. This helps them understand and deal with any potential challenges more effectively.

Risk Awareness in Iteration Planning - Risks are integrated into iteration planning, with the team selecting work aligned with their confidence level to reduce the risk of failure.

Proactive Communication in Stand-Up Meetings - Team members raise issues impacting their work during stand-up meetings, engaging in collaborative discussions to implement mitigating actions promptly.

Stakeholder Collaboration in Iteration Reviews - Regular stakeholder engagement during iteration reviews facilitates discussions on and clarification of risks, ensuring alignment between the team and stakeholders.

DAY 1 Module 1- Introduction to Agile and Risk Management

Understand Agile fundamentals and the importance of risk management within Agile
What is Agile? Agile values and principles
Risk management basics: types of risks (e.g., technical, business, operational)
Why risk management is crucial in Agile projects
Learn techniques for identifying risks in Agile environments
Risk types relevant to Agile (e.g., sprint delays, scope creep)
Tools and techniques for risk identification (risk registers, brainstorming, user story analysis)

Module 2 – Analyzing, Prioritizing & Monitoring Risks in Agile

Understand how to identify, evaluate and prioritize risks for effective response planning
Prioritizing risks using Agile methods (e.g., Risk Burndown Chart, Risk Matrix)
Responding to Risks in Agile
Explore risk response strategies suited to Agile projects
Learn how to track and control risks throughout the Agile process.
Tracking risk using Agile artifacts (kanban boards, burndown charts)
Monitoring risks during retrospectives and sprint reviews
Iterative risk reassessment in Agile
Risk Burndown Chart

Module 3 - Key Risk Indicators (KRIs)

Definition and purpose of KRIs in risk management
KRIs vs. Key Performance Indicators (KPIs) vs. Key Control Indicators (KCIs)
How KRIs support proactive risk management
Identifying Relevant Risks and Selecting Effective KRIs
Characteristics of effective KRIs (e.g., relevance, measurability, sensitivity)
Designing and Setting Thresholds for KRIs
Setting KRI thresholds for escalation (traffic light systems, bands)

Module 4 - Operational Risk Management

Definition of operational risk and its scope (e.g., human, process, system, external events)
Operational Risk Management Frameworks and Standards
Key components of an ORM framework (identification, assessment, control, and monitoring)
Types of operational risks: process, people, systems, external events
Methods for risk identification (e.g., risk workshops, process mapping, scenario analysis)
Utilizing risk registers and incident reporting to capture risks

Module 5 - Risk & Control Self-Assessment (RCSA)

Definition of RCSA and its role within risk management frameworks
Benefits of RCSA: proactive risk identification, improved control effectiveness, regulatory compliance
Defining roles and responsibilities in the RCSA process
Risk identification methods: brainstorming, process mapping, interviews, historical data review
Documenting risks: risk statements, risk registers

Module 6 - Managing ESG Risk

Definition and components of ESG (Environmental, Social, and Governance)
Differences between traditional risk and ESG risk
ESG Risk Landscape and Regulatory Overview
Key trends in ESG risks: climate change, human rights, supply chain transparency
Identifying and Classifying ESG Risks
Environmental risks (e.g., climate change, resource depletion, pollution)
Governance risks (e.g., ethics, transparency, board diversity)

Module 7 - Cybersecurity Risk Management

Definition and scope of cybersecurity risk management
Key cyber threats and evolving cybersecurity landscape
The business case for cybersecurity risk management (reputation, financial, regulatory)
Core components of a cybersecurity risk management framework
Types of cybersecurity risks (e.g., data breaches, ransomware, insider threats)
Risk identification methods: threat modeling, vulnerability assessments, red teaming

Module 8 - Embedding Risk Management in Agile Culture

Understand how to make risk management a continuous
team-driven activity
Promoting a risk-aware Agile culture
Roles and responsibilities in Agile risk management
Empowering teams to identify and address risks proactively

Programme scope, delivery arrangements and suitability are confirmed during enquiry.