ROAM Risk Management
Definition of ROAM Risk Management
ROAM Risk Management is a collaborative, lightweight risk management technique built on a visual, pull-based model.
Pronunciation Spelling
ROHM Risk MAN-ij-muhnt
Example Sentence
The team utilized ROAM Risk Management to handle uncertainties efficiently.
Significance
Understanding ROAM Risk Management is essential for agile practitioners as it provides a structured approach to handling risks. ROAM stands for Resolved, Owned, Accepted, and Mitigated, representing the four categories to classify risks. Resolved risks are those already addressed, Owned risks have assigned owners responsible for managing them, Accepted risks are recognized but not yet acted upon, and Mitigated risks are proactively managed to reduce their impact or likelihood. This method fosters a collective understanding of risks within the team and ensures a proactive approach to addressing potential issues before they impact progress. Familiarity with ROAM Risk Management aids in better risk mitigation and enhances decision-making processes in agile environments.
Additional Resources
- ROAM Risk Management: Suspect the Unexpected
- ROAM Board Pitfalls and Best Practices - Applied Frameworks
- The Fall and Rise of ROAM by SPCT Phil Gardiner at RTE Circle #4
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