# Project Risk Management Model Based on PRINCE2 and Scrum Frameworks

**Authors:** Martin Tomanek, Jan Juricek  
**arXiv:** [1502.03595](https://arxiv.org/abs/1502.03595)  
**Date:** 2015-02-12  
**Summary page:** https://www.summarizepaper.com/en/arxiv-id/1502.03595v1/

## Key points

- Formal risk management techniques are needed in agile software development methods, particularly Scrum.
- Managing risks is important in agile project management.
- The authors conducted a survey to gain a better understanding of current practices in agile project management.
- An integrated framework combining Scrum and PRINCE2 with a focus on risk management is discussed in the paper.
- Enriching Scrum with selected practices from PRINCE2 can lead to improved results in delivering software products, especially for global development projects.
- This study provides valuable insights for organizations looking to enhance their risk management strategies while adopting agile methodologies such as Scrum.

## Summary

In their paper titled "Project Risk Management Model Based on PRINCE2 and Scrum Frameworks," Martin Tomanek and Jan Juricek highlight the need for formal risk management techniques in agile software development methods, particularly Scrum. They emphasize the importance of managing risks in agile project management, which has been identified by various authors. To gain a better understanding of current practices in agile project management, the authors conducted a survey. The paper further discusses an integrated framework combining Scrum and PRINCE2 with a focus on risk management. The authors suggest that enriching Scrum with selected practices from the heavy-weight project management framework PRINCE2 can lead to improved results in delivering software products, especially for global development projects. This study provides valuable insights for organizations looking to enhance their risk management strategies while adopting agile methodologies such as Scrum.