The benefits of agile risk management in IT projects delivered through agile methodology
Date
2022
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Digital transformation and external digital disruption require South African financial services to deliver large IT software projects. Banks adopted new ways of working such as using an agile methodology to ensure IT Projects are delivered faster-to-market and early client involvement. The challenge is that risk management functions are not mandatorily involved before and during the execution of IT projects by the Scrum teams who deliver these IT projects, which means that other sources of risk and opportunity risks may not be identified early. This study investigated the role of agile risk management in the execution of IT projects with the aim of identifying the benefits of agile risk management. The study used a qualitative approach and collected data through semi-structured interviews. Findings suggest that adopting an agile risk management process leads to IT projects that are delivered quicker to market and that risks are well managed.
Description
A dissertation submitted in fulfilment of the requirements for the degree of Master of Management in Digital Business to the Faculty of Commerce, Law and Management, Wits Business school, University of the Witwatersrand, Johannesburg, 2022
Keywords
Digital transformation, Agile Methodology, Agile Risk Management, Traditional Risk Management, IT Projects, UCTD