With the Agile Framework we can address Core Risks by eliminating Intrinsic flaws by following best practices such as:
Project planning done at multiple levels- quarterly release planning, iteration and daily planning
Scope defined as per time horizon and verified by acceptance at individual feature level by product owner.
Detailed estimations at the beginning of each iteration to derisk estimates that are wrong and un-executable from onset.
Assignment of a product owner who owns the backlog of work to eliminate failure to achieve stakeholder consensus on what to build and Specifications breakdown.
Following change control through ranked backlog and accepting changes at the beginning of each iteration to prevent scope & feature creep.
Have demo’s of working code every iteration to reduce product variations between assumed and actual functionality & performance.
Test driven development and cross functional teams for quality assurance while encouraging and empowering self-organizing teams.
Track progress by monitoring KPI’s & metrics, feedback cycles and potential risks thereby safeguarding the process
Coordinate and enable communications across the project team.