Risk Management & Mitigation Flashcards

In agile, 'failing fast' is considered a risk management strategy because it:

Answer: Allows teams to discover incorrect assumptions early when the cost to correct is low

Failing fast surfaces problems early in the project lifecycle when changes are cheaper, reducing the overall cost and impact of risk.

Which factor most increases the probability component of risk exposure?

Answer: Unclear or volatile requirements

Volatile or unclear requirements increase the likelihood of misunderstanding user needs, raising the probability that risk events will occur.

Which of the following is an example of a positive risk (opportunity) in agile?

Answer: Completing a sprint early, freeing time to add a high-value feature

Completing work early is an opportunity that can be exploited to deliver additional value, making it a positive risk.

The 'risk owner' in an agile team is responsible for:

Answer: Monitoring an assigned risk and executing the agreed response if triggered

A risk owner watches for trigger conditions and takes the agreed response action, ensuring accountability for individual risks.

Continuous integration (CI) primarily mitigates which type of risk?

Answer: Integration and technical debt risk

CI detects integration conflicts and defects early by merging and building code frequently, reducing the technical risk of late integration failures.

A Scrum Master addressing a team's impediments is performing which risk management activity?

Answer: Risk mitigation/removal

Removing impediments reduces or eliminates the negative impact of obstacles on team progress, which is a mitigation activity.

What does 'risk proximity' refer to when prioritizing risks?

Answer: How soon a risk is likely to occur within the project timeline

Risk proximity indicates the time horizon in which a risk may materialize, helping teams prioritize near-term risks for immediate attention.