This article discusses the importance of effective risk management in Agile projects. The Agile project management philosophy emphasizes open communication, flexibility in product development, and rapid market delivery. Unlike traditional waterfall methods, Agile iterative approach reduces risks by allowing on-going progress assessment. However, Agile alone may not effectively manage risks, especially those stemming from human factors and environmental influences. Existing project management tools lack comprehensive risk identification and management solutions, particularly concerning diverse project components and stakeholder engagement. Decentralization in Agile projects can lead to architectural risks due to documentation inconsistencies and client disengagement. To address these challenges, this article proposes a methodology for identifying risks of Agile project associated with artifacts and attributes of it. By regularly updating attributes’ data, potential risks can be unveiled and addressed early, enhancing project team effectiveness and stakeholder clarity through transparent reporting.