When I first started as a software developer, traditional risk management approaches were falling short in the face of impediments caused by ever-changing scope creeps and fluctuating budgets. This gave birth to Agile methodology, an iterative and flexible approach to project management that focuses on collaboration, adaptability, and delivering incremental value.
It emphasizes frequent feedback, continuous improvement, and cross-functional teams to efficiently respond to changing requirements, reduce risks, and enhance customer satisfaction.