Risk management in agile software development projects has been discussed by many researchers
and various techniques have been proposed. However, based on the literature review executed by
authors, there is no comprehensive model for embedding the project risk management process
into the Scrum framework. Authors also executed a survey with objective to understand how
project managers manage risks in the agile software development projects. As a final result of this
paper the authors proposed to extend the conceptual framework for managing agile software
development projects, based on Scrum and PRINCE2, by risk management aspects.