Risk Management

Risk management is not explicitly addressed in agile methodologies. However, when prioritizing backlog items, risk is one of the key criteria and is intended to ensure that work packages that mitigate or resolve risks are addressed as early as possible. (See Backlog Prioritization). These are typically what are known as project risks. Project Risks Furthermore,…

Knowledge Gaps

A knowledge gap in product development is the difference between current knowledge and the information required to successfully create, design, or launch a product. It represents “known unknowns” that, if left unfilled, lead to failed requirements, delays, and poor quality. Closing these gaps requires rapid learning cycles and experiments. Today, product developments very rarely start…