Enhancing agile project success: a comprehensive study of risk management approaches among Malaysian practitioners

Abstract Risk management (RM) plays a role in project management in the software development field. As information technology (IT) systems become more essential across industries and IT projects continue to face failure rates effective project management becomes crucial. However, the utilization of methodologies in risk management is not widely considered, specifically in Malaysia. This study aims to investigate how software practitioners in Malaysia have implemented risk management and discover strategies that can enhance risk management for agile contexts. The main focus of this study is the limited integration of methodologies into risk management practices, which has created a gap within the software risk domain. Successful risk management is essential for the achievement of software projects, and the findings from this study can offer insights for software development organizations to make informed decisions and improve project outcomes. By utilizing a quantitative approach and adapted questionnaires, this comprehensive study collected data from 60 practitioners and conducted descriptive analysis to identify key risk elements that have significant potential to affect project performance. The findings highlight these risk elements that can significantly impact project success. Agile methodologies, with their emphasis on collaboration, communication within teams, and engagement with stakeholders, including top management, are instrumental in aligning project objectives, identifying potential risks, and resolving issues promptly. This study provides empirical insights into the risk management practices of agile practitioners in Malaysia, which can equip software development organizations with valuable knowledge for informed decision‐making. By enhancing project outcomes and guiding future strategic actions, the findings of this study can contribute to the improvement of agile risk management in the software development industry, particularly in the Malaysian context.