How to manage (ROAM) risks with Advanced Roadmaps

Learn how to manage risks by using a Resolved, Owned, Accepted, Mitigated (ROAM)-based approach.

Background

Risk management is the discipline of identifying, monitoring, and limiting risks. Ideal risk management follows a prioritization process where the risks with the greatest loss and the greatest probability of occurring are handled first, and risks with a lower probability of occurrence and lower loss are handled next in descending order.

Effective risk management involves several factors:

Identifying the risk.
Analyzing each risk to determine its exposure (the severity of the impact).
Prioritizing the identified risks based on their exposure.
Creating action plans (responses) to deal with high-priority risks.
Continuous monitoring and follow-up to ensure that your action plans are mitigating the risks.

Description

Navigate to the risk board:
1. Create any new risks needed.
2. Ensure the risk is linked to the feature by using the parent link.
3. Manage risks that emerged from the PI planning event by confirming or updating the status for each risk issue.
4. Ensure that each risk has an owner.
5. Update the risk status by moving the risk issue to the appropriate status column:
  1. Resolved: The risk is addressed and is no longer a concern.
  2. Owned: Someone takes responsibility for the risk.
  3. Accepted: Nothing more can be done. If the risk occurs, the release may be compromised.
  4. Mitigated: The team has a plan to adjust if necessary.