How is risk management different in an agile environment ver

How is risk management different in an agile environment versus a traditional environment?

Solution

Risk management in traditional environment is done through plan driven approach. Contrary to this, risk management in agile environment is done through iterative as well as adaptive approach.

Risk management in traditional environment is more suitable when environment is stable. Though risk management in agile environment gets success even if there is uncertainty in business environment.

Risk management in traditional environment deals with the clearly defined scope and objectives. But, risk management in agile environment works with loosely defined or unclear objectives.

Risk management in agile environment is done relatively more dynamically in comparison to traditional environment.