TITLE:
Agile Project Management and Project Risks Improvements: Pros and Cons
AUTHORS:
Mounir Elkhatib, Abdulrahman Al Hosani, Ibrahim Al Hosani, Khalid Albuflasa
KEYWORDS:
Project Management, Risk Management, Agile, Hybrid
JOURNAL NAME:
Modern Economy,
Vol.13 No.9,
September
13,
2022
ABSTRACT: This report discusses improving Project Risk Management
in agile projects in different sectors in the UAE and explores if adopting a
hybrid approach can deliver better results in project risk management in an
agile environment. Also, it was aimed to understand if enhancement of project
risk management for agile projects will have a positive impact on project
success. Both qualitative and quantitative data were collected for this report.
Data was collected through qualitative interviews, observations and surveys.
The research was conducted in Al Dhafra Municipality, DEWA, Etisalat & Abu
Dhabi Government. The findings identified risks like Organizational risk,
Process risk, Business risk, Technology risk and Monitoring and analysis risk.
It was also found that while all projects contain some risk, using agile
projects or hybrid projects can reduce the
risk in comparison to a waterfall. The underlying reason was that splitting the
project into smaller pieces reduces risk and fulfills quality requirements
easily. The research recommended using customer vision, selecting the
right approach for project selection, having an experienced project manager and
team, customer involvement, organizational policy support for an agile
approach, having a supportive culture and using analytical tools. The research
suffered from the limitation that only 4 organizations could be used, which may
limit the scope of applicability of the findings to diverse settings.