Agile Project Management

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- Risk Identification: To be able to identify a possible risk is one of the very important traits of project manager, but somehow they fail to recognize the potential risk. Each risks is different than other and needs separate attention, therefore risk identification at the start of the project makes it much easy to eliminate or strategize accordingly in order to remove those risks.

- Risk Response: Once a potential risk is identified then appropriate measures must be taken to solve those risks and intrude their further involvement in the project. Response can be multiple in natures such as some risks can be eliminated right away, while some for some risks enough resources might need to be collected to eliminate.

- Mitigating risks: There are certain kinds of risks involved in a project which cannot be eliminated completely. Those types of risks can be mitigated so that they provide as less harm as possible to the project.

- Risk Evaluation: After gaining an insight about the natures of risks the development team and project manager evaluate the probabilities of the risks and act on those risk that are more certain to cause larger loss to the project (Mawby, 2012) .

Risk management is a very crucial process which needs to be implicated on time otherwise the harm caused by them could be irrevocable. The proper risk management should be done while in the early phase of project development so that the risks identified can be eliminated as early as possible so that to cause less harm to the project and more resources, time and cost can be saved in the project development process.

Risk Assessment Matrix

Accessing risks on the basis of their probability of occurring in a project development is also a very critical aspect of risk management. This process can be handled with the help of Risk Assessment Matrix, which helps in categorizing the risks based on their probability of occurring and therefore ultimately helps in better organization of the risk management.

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The matrix can divide the risks into four categorize as Low, High, Medium and Critical which define the state of the risks analyzed in the project. Assessment Matrix is the second step of risk assessment matrix as the first step includes a risk assessment form which includes the complete analysis of the risks like knowing the probability of the risks, strategizing the risk and their mitigation, the after effects of risk management, collecting data about the risks and many more. Therefore Risk Assessment Matrix helps in prioritizing the risks which need more attention than others in the risk management of the project (Kendrick, 2015).

High Priority Risks

There are a whole lot of different risks involved in the development of a project, and different risks have different priority is terms of eliminating or solving those risks as they poses much more harm to the project as compared to other risks. Now there are certain types of risks which are normally considered high priority risks in the project development.

- Unavailability of the required resources for the project is considered one of the high priority risks, because if this risk occurs and there are not enough resources for the project development then the project might not be completed.

- Risks those affect the time structure of the project management is also considered high priority as they need to be addressed first hand so that not much is divided to solve that risk and the project management gets delayed due to that risk.

- Risks which cannot be completely eliminated such as risk of last moment change off requirement by the clients can ruin the complete project development must be mitigated early by dividing the project management into different section and thus quickly adapting the section where amendments need to be made according to the client can be made. The high priority of this risk and mitigation is a very critical and important.

- Another high priority risk is the risk of complete failure of the project under certain circumstances which need to be high prioritized and made sure that the project stands firms under all circumstances and perform well. High prioritizing this risk can save ample amount of time of the project team (Mustafa, 2014).

Changing Risk Priorities

Risks are subjected to time and resources and are generally depended on the circumstances. The priority of risks is not always absolutely fixed and they keep on changing with the development of the project. The risks found earlier in the development stage might not be a problem by the end of the project development and there might be other risks which could potentially harm the project. For example in the early stage of development, risk of resources not available is a very high priority but that risk might not even appear at the end of the development phase, and some other risk might be high priority like delivering the project on time. The changes in the risk priority also influence the risk assessment matrix and there is always fluctuation in the matrix about the priority if the risks in the project as the development of project move forward. Therefore, the priority of the risk continuously changes with the progress of the project and replaces the high priority according to the circumstance of the project which also implies that the project is moving in a forward direction (Cooper, 2015).

Project Planning

Resource Leveling

Resource scheduling is considered one of the most important part of project management and the project manager I in charge who takes care of all the resources required in the project and maintains the regular availability of those resources during the development of the project. Sometimes during the allocation of the resources some resources are under-allocated and other are over-allocated, resource leveling is one such concept which helps in proper allocation of the resources so that the development of the project remains in the proper management and yields the project without any complication or difficulties. The resource leveling can be basically divided into two different elements. Firstly, there are sections of project which need immediate allocation of all the resources and secondly there are sections of project where limited resources are also sufficient to make them work and those resources can be provided at a later time, when those resources are available. Now, most of the organizations use a well established structured hierarchy depicting resource leveling which is:

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