Agile PM Process Grid–5.4 Risk-Adjusted Backlog

In John Stenbeck’s book “PMI-ACP and Certified Scrum Professional Exam Prep and Desk Reference”, he creates an “agile project management process grid” which describes 87 processes used in agile project management.   These processes are divided into five process groups (Initiate, Plan, Iterate, Control, and Close), which are analogous to the five process groups in traditional project management, and seven knowledge areas which can be mapped, more or less, onto the ten knowledge areas in traditional project management.

These next two posts deal with the processes related to the fifth knowledge area of Risk Management that are performed in the Planning stage.

The agile framework is affected by the environment in which projects are done, which include the industry framework and the regulatory (governmental) framework.    So risk-related backlogs are a risk management practice where feature priorities are included that include requirements for industry best practice compliance, such as Six Sigma, Lean, etc., OR regulatory requirements.    Although these features may appear to have little direct business value to the customer, NOT having these features would result in sanctions and penalties, which of course would prevent the customer from receiving the benefit of the product in any case.

It is a way of prioritizing work that mitigates or avoids risk associated with nonconformance with these industry or regulatory standards.

The next post is on the process of 5.5 Regulatory Compliance.


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