Best practices for managing risk in adaptive agile process

Agile methodologies has given a break from traditional software development models and has proved to be powerful in accommodating requirement changes and induce degree of flexibility in the software development life cycle. These characteristics have made agile an obvious choice among all software development models. One of the main objectives of any model is to cater to risk, identify, analyze, assess and plan. On the contrary agile does not clearly states anything in regard to risk management. This paper targets in analyzing agile methodologies and risk management model, amount of risk handling capabilities in agile and requirement of merging risk management in agile.