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The AGP Model for Risk Management in Agile I.T. Projects

Author

Listed:
  • Sanjeet Singh

    (University Centre for Research and Development, Chandigarh University, Mohali 140413, India)

  • Geetika Madaan

    (University Centre for Research and Development, Chandigarh University, Mohali 140413, India)

  • Amrinder Singh

    (Jain University, Bengaluru 560069, India)

  • Kiran Sood

    (Chitkara Business School, Chitkara University, Rajpura 140401, India)

  • Simon Grima

    (Department of Insurance, Faculty of Economics Management and Accountancy, University of Malta, MSD 2080 Msida, Malta
    Faculty of Business, Management and Economics, University of Latvia, LV-1586 Riga, Latvia)

  • Ramona Rupeika-Apoga

    (Faculty of Business, Management and Economics, University of Latvia, LV-1586 Riga, Latvia)

Abstract

The vast majority of articles on risk in agile-managed projects fail to adequately address the interplay between the agile methodology, the risk management process, and the elements that ultimately determine the success or failure of the project. Too frequently, processes and models are given undue priority over the human element. The aim of this article is to create a risk management model for agile I.T. projects (AGP model). The study sample consists of 1868 valid survey responses from European and Asian countries received between February 2022 and January 2023. We subjected the data to Exploratory Factor Analysis (EFA) and Cronbach’s alpha to identify four key factors for dealing with risks in I.T. projects and create the AGP model. The proposed AGP model outlines up to 76% variability in the potential risks that could arise during an I.T. project’s deployment. The findings of this study are critical for project managers, I.T. professionals, developers, and system architects involved in I.T. projects. Other stakeholders may be interested in understanding the risks associated with the project and developing strategies to mitigate these risks.

Suggested Citation

  • Sanjeet Singh & Geetika Madaan & Amrinder Singh & Kiran Sood & Simon Grima & Ramona Rupeika-Apoga, 2023. "The AGP Model for Risk Management in Agile I.T. Projects," JRFM, MDPI, vol. 16(2), pages 1-12, February.
    • Handle: RePEc:gam:jjrfmx:v:16:y:2023:i:2:p:129-:d:1071025
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    References listed on IDEAS

    as
    1. Simon Grima & Murat Kizilkaya & Kiran Sood & Mehmet ErdemDelice, 2021. "The Perceived Effectiveness of Blockchain for Digital Operational Risk Resilience in the European Union Insurance Market Sector," JRFM, MDPI, vol. 14(8), pages 1-15, August.
    2. Mukul Bhatnagar & Ercan Özen & Sanjay Taneja & Simon Grima & Ramona Rupeika-Apoga, 2022. "The Dynamic Connectedness between Risk and Return in the Fintech Market of India: Evidence Using the GARCH-M Approach," Risks, MDPI, vol. 10(11), pages 1-16, November.
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