Software development projects inevitably involve risk—uncertainty that can disrupt timelines, increase costs, or reduce quality. For years, project managers have relied on traditional risk management approaches that emphasize extensive planning and documentation. However, with the rise of Agile methodologies, many teams have adopted more flexible, iterative techniques to identify, mitigate, and adapt to risks as they arise.
In this article, we’ll explore how risk management differs in traditional vs. Agile environments, the pros and cons of each approach, and strategies to help your team effectively navigate uncertainty throughout the software development lifecycle.