Episode 412: How to Integrate Risk Management into Agile Projects (Free)

Play Now: Studying for your PMI Agile Cerfified Practitioner (PMI-ACP)®? PMI-ACP Exam Prep on your phone: Laszlo Retfalvi and Cornelius Fichtner Agile has gained popularity in part due to its ability to effectively respond to issues as they arise, improve stakeholder satisfaction, and increase focus on value-driven delivery. A major challenge for many project managers is knowing how to effectively plan, identify, and manage risks when using agile approaches. This discussion addresses how to integrate proven risk management techniques with agile approaches to increase the probability of project and organizational success. This interview with Laszlo Retfalvi (LinkedIn Profile) was recorded at the exciting Project Management Institute (PMI)® Global Conference 2017 in Chicago, Illinois. We look at how to develop proper project risk management statements required to support agile approaches to project management and learn to apply proven risk management techniques, which every project manager should consider as part of any agile approach. Episode Transcript Below are the first few pages of the transcript. The complete transcript is available to Premium subscribers only. Podcast Introduction Laszlo Retfalvi:   In this episode of the Project Management Podcast™, we discover proven risk management techniques which every project manager should address as part of any Agile approach. Podcast Interview Cornelius Fichtner:   Hello and welcome to the Project Management Podcast™ at www.pm-podcast.com. I am Cornelius Fichtner. We are coming to you live from the exciting 2017 PMI® Global Conference in Chicago and with me right now is Laszlo Retfalvi, Good morning! Laszlo Retfalvi:   Good morning, Cornelius. How are you? Thank you for having me here today.    Cornelius Fichtner:   Yeah. Thank you for being here. It is very early. The congress has not even kicked off really. The first presentations are starting, I think, in a few minutes. So, you have not yet presented, right? Laszlo Retfalvi:   No, I haven’t. I’m up this afternoon and just to point to the listeners—I’m looking around, there’s a lot of people walking around, looking at us—a lot of interest.   Cornelius Fichtner:   [laughs]   Laszlo Retfalvi:   This is true. I think it’s going to be a good conference. Cornelius Fichtner:   Wonderful. That’s the one thing that I always enjoy being here. There are so many of us project managers here you can feel the energy. I’m so sorry that the people listening to this at home can’t be here and experience this. It’s always a great event. Laszlo Retfalvi:   I agree. I agree. Cornelius Fichtner:   Yeah. You will be talking about proven techniques to—and this is underlined and italicized—successfully integrate risk management into Agile projects. What prompted you to write about this? Laszlo Retfalvi:   Well, that’s a very good question. So for those of you who know me in the industry, I’m passionate about risk. I think risk is an excellent tool that program managers should—all program managers—he or she should have in her toolbox as something to help them succeed. And one of the things that I found here is with the role of Agile and the Agile approach—I think we’re forgetting this whole thing about risk. That’s of concern to me, so what I’m doing here is showing tips and techniques and some very pointed pointers based from my experience on how we can take risk management which we cannot ignore and integrate it into Agile projects where it’s actually really needed more than traditional projects. That’s really the background to the whole presentation. Cornelius Fichtner:   You and I met for the first time, I think, one or two years ago. We sat at the same breakfast table at the last conference that we were at. You told me about your book, “The Power of Project Management Leadership”. I bought it immediately at th