Guide on Continuous Risk Management

What is Continuous Risk Management?
Continuous Risk Management is a proactive process used in Agile methodologies that involves ongoing identification, assessment, response, and monitoring of project risks. This approach is continuous or iterative in nature and it allows Agile teams to quickly adapt to changes in project risks.

Why is it Important?
The significance of Continuous Risk Management lies in its capacity to significantly reduce the impact of potential risks and threats that might derail the success of an Agile project. By proactively dealing with risks, Agile teams can effectively manage uncertainty and reduce the likelihood of negative outcomes.

How does it work?
Continuous Risk Management involves five key steps: 1) Identifying Risks 2) Analyzing Risks 3) Planning Risk Responses 4) Implementing Risk Responses 5) Monitoring Risks. These steps are performed on a continuous basis, allowing for adjustments and refinements as changes occur.

Exam Tips: Answering Questions on Continuous Risk Management
In answering questions related to Continuous Risk Management, keep in mind that the process is iterative and proactive. You might be asked to differentiate it from traditional risk management, in which case, you would emphasize its continuous nature, adaptability and proactive approach. Also, remember the five key steps involved in this process; you may have to explain these steps or answer questions around them. Make sure you understand and can explain the value of Continuous Risk Management in the Agile context.