Mid Sweden University

The lack of knowledge regarding the perception of risks in agile project management is evident in research. With this knowledge, this study sets out to address this issue and close the gap in knowledge regarding this issue by identifying the individual perception of risk by a project leader, SCRUM master, and two system developers, and comparing the individual appetite matrices to a unified appetite matrix created by a Delphi panel. A case study at an IT consulting firm, working with several projects in parallel, in Sweden is conducted. A risk register is used to collect the data, with the principle of assisting in creation of the risk appetite matrices. The result shows that the individual risk appetites differ significantly from the group’s unified risk appetite. The group showed itself far more risk aggressive than the individual appetite which was risk aversive in relation to the group’s appetite. The lack of RM practices is evident in smaller IT firms such as these, as there are no clear standardized approaches to the mapping or classification of risks; a far more informal approach is taken.