This paper aims to present a comprehensive risk management matrix as a crucial element in agile project management practices for electronic design automation (EDA) software in the semiconductor industry. Specifically, this study focuses on the development and implementation of the matrix to manage risks in the context of an Optical Phase Array (OPA) design project for LiDAR in medical services. The case study illustrates how a meticulously crafted risk management matrix can support risk management within agile approaches and lead to more efficient and effective project outcomes. The matrix is incorporated into various risk management techniques, including risk identification, assessment, mitigation, and monitoring, to enhance the management of project risks. The research findings contribute to the growing body of literature on the application of comprehensive risk management strategies in agile project management and provide valuable insights for practitioners seeking to leverage these techniques for improved risk management in EDA software projects in the semiconductor industry.