How does Scrum strike a balance between flexibility and stability? Today almost all industries and markets are exposed to constant changes. Changes come in the form of government policies, new tax rules, everyday advance in technology, consumer psyche, product or service demand, media influence, social media trend, buying motivation and many more. Whatever the reason,…
How does Scrum deal with risks? Being an Agile, iterative process, the Scrum framework inherently minimizes risk. The following Scrum practices facilitate the effective management of risk: 1. Flexibility reduces business-environment-related risk Risk is largely minimized in Scrum due to the flexibility in adding or modifying requirements at any time in the project lifecycle. This…
The Prioritized Product Backlog is a single requirements document that defines the project scope by providing a prioritized list of features of the product or service to be delivered by the project. The required features are described in the form of User Stories. User Stories are specific requirements outlined by various stakeholders as they pertain…
How can risk be managed? Risk Management consists of five steps: 1. Risk identification: Using various techniques to identify all potential risks 2. Risk assessment: Evaluating and estimating the identified risks 3. Risk prioritization – Prioritizing Risk to be included for specific action in the Prioritized Product Backlog 4. Risk mitigation: Developing an appropriate strategy…
How does Scrum embrace ‘Change’? The Scrum methodology of product and service development and management understands the importance Change in the current market. Change is a truth that cannot be overlooked or escaped. Therefore, the best way to deal with the concept of change is to accept it and adapt accordingly. This principle is entwined…
How to identify risk? Risk is defined as an uncertain event that can affect the objectives of a project and may contribute to its success or failure. Risks with a potential for positive impact on the project are called opportunities, whereas threats are risks that could negatively impact a project. Managing risk must be done…
How are risks handled in Scrum? To ensure business viability the probability of project failure must be reduced. More informed business decisions have to be made. And it is important that risks are effectively managed through a well- organized and methodical approach. In a Scrum environment, risk is generally minimized, largely due to the work…
Is ‘change’ readily accepted in Scrum? Every project, regardless of its method or framework is exposed to change. It is imperative that project team members understand that the Scrum development processes are designed to embrace change. Organizations should try to maximize the benefits that arise from change and minimize any negative impacts through diligent change…
Scrum vs. Traditional Project Management Approach in Delivering Value Before we discuss the Scrum and Traditional approaches assessing and maintaining business justification for a project, let’s understand some of the key differences between these two types of methodologies. The emphasis in traditional Project Management is to conduct detailed upfront planning for the project with emphasis…
Confirming Benefits, the Scrum Way It is not the delivery of project’s outputs that determines the success or failure of a project but the delivery of the project’s benefits. In this piece of writing, let’s try to understand Scrum’s approach to realization and confirmation of expected benefits of a project. Throughout a project, it is…
