Project Risk Management Model Based on PRINCE2 and Scrum Frameworks

TL;DR

This paper proposes an integrated risk management framework combining Scrum and PRINCE2 to enhance risk handling in agile software development, supported by a survey of current practices.

Contribution

It introduces a novel combined framework of Scrum and PRINCE2 specifically focused on improving risk management in agile projects.

Findings

Survey reveals current risk management gaps in Scrum.

Integrated framework enhances risk control in agile projects.

Potential for improved project delivery in global development.

Abstract

There is a lack of formal risk management techniques in agile software development methods Scrum. The need to manage risks in agile project management is also identified by various authors. Authors of this paper conducted a survey to find out the current practices in agile project management. Furthermore authors discuss the new integrated framework of Scrum and PRINCE2 with focus on risk management. Enrichment of Scrum with selected practices from the heavy-weight project management framework PRINCE2 promises better results in delivering software products especially in global development projects.