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Development of Risk Controlling Mechanism and Tools for Agile Projects in Telecommunications
We developed the mechanism and tools of risk controlling in agile projects for companies in information and communication (ICT) industry. The relevance of this topic is underpinned by (1) the growing number of failures of agile projects due to realization of unique set of risks; and (2) the fact that standard agile practices neglect important risk management steps. The paper fills the research gaps in this area and addresses inefficiencies in explicit agile risk management frameworks. The results include the development of the mechanism’s concept and the block diagram for scrum framework. They also include risk controlling tools: risk-based release planning, system of key risk indicators and agile risk controlling effectiveness evaluation tree. Unlike peers mentioned in existing studies the mechanism provides holistic approach to the agile risk management while keeps the spirit of agile. It addresses risk governance issues, ensures integration and coordination of risk management activities both inside the team and across the company and provides for lightweight but efficient tools. The mechanism can be adapted for other agile frameworks and can be applied by scrum masters and project managers in ICT industry as well as by the researches who are interested in further enhancement in agile risk management practices.