In an Agile environment, risk management is a continuous process that involves identifying, analyzing, and responding to risks throughout the project lifecycle. While Agile projects may not have as formalized a risk management process as traditional projects, it is still essential to have a structured approach to identify and manage risks. Creating a risk register allows the project manager and the team to document and track risks, ensuring that they are reviewed and managed appropriately. This approach aligns with the Agile principle of continuous improvement and adaptation, as risks can be reassessed and responses can be adjusted in each iteration or sprint.
References: The information is synthesized from the Agile Risk Management principles which emphasize the need for an adaptive and iterative approach to managing risks, fitting the risk management approach to the nature of the project123. Additionally, the role of business analysts in identifying and analyzing potential risks is highlighted, which supports the creation of a risk register as part of the risk management process4.