A. Add a goal to the current iteration to fully mitigate or control the risk.
Not the best answer. You can't easily change sprint goal. All discovered risks are moved to risk-adjusted backlog or risk burndown chart.
B. Balance risk reduction and value adding activities in the next iteration.
I consider "Balance risk reduction and value adding activities" as risk-adjusted backlog. So it looks like the best answer - to deal with risk during next sprint.
C. Continue with the current plan to maintain team velocity.
Wrong answer
D. Update the risk register and seek direction from a risk specialist.
Not the best answer. Team should be self-sufficient
Risk Management: Balancing risk reduction with value-adding activities allows the team to manage the risk without completely halting progress on delivering valuable features.
Iteration Planning: By incorporating risk mitigation into the next iteration, the team can plan and allocate resources effectively to address the risk while maintaining productivity.
Continuous Improvement: This approach supports the agile principle of continuous improvement by addressing risks as they arise and integrating solutions into the workflow.
Stakeholder Communication: Balancing these activities ensures that stakeholders are kept informed about both risk management efforts and ongoing project progress.
This aligns with Agile principles of:
Early risk identification and management: Addressing risks promptly reduces their potential impact and costs.
Adaptability and responsiveness: Incorporating risk mitigation into the current iteration demonstrates flexibility and willingness to adjust plans when necessary.
Value-driven prioritization: If a risk has severe potential consequences, mitigating it becomes a high-value activity that merits immediate attention.
I checked with ChatGPT:
B. Balance risk reduction and value-adding activities in the next iteration.
This option aligns with the Agile principle of responding to change and adapting to new information. Balancing risk reduction with value-adding activities allows the team to address the identified risk while still delivering value to the customer. It reflects a flexible and adaptive approach to managing risks within the Agile framework.
While updating the risk register (Option D) is important, the immediate focus should be on adapting the team's plans to address the newly identified risk. Balancing risk reduction with value delivery helps ensure a pragmatic and iterative response to changing circumstances.
A = Maybe this is the right answer.
A = The team has already discovered, analyzed, and concluded that the risk may be severe if happened. So the very first step after identification in agile is to respond appropriately. Because of the harmful impact, A is the most logical offered option.
B = What if the risk happened in the current sprint? This option cannot be a smart move.
C = Cannot ignore the risk.
D = Agile team is cross-functional meaning they don't need a particular risk specialist. Also risk register is not an Agile approach.
I thought about it carefully, and think that A is more sense. The team already uncovered the risk and described it as sever, so here here we cant go with B to balance it with value adding since it would have read either High Risk-High Value, or High Risk-Low value, both of them should be differed.
D could be right if we consider what Mike Griffiths mentioned in his book "PMI-ACP exam prep". He mentioned in page 349 "Exam tip You might also see the term“ risk register” on the exam. This isn’t an agile term—it is from the risk management process described in the PMBOK*Guide.7 Depending on the context of the question, you can think of this as
referring to either the risk adjusted backlog or simply the teams prioritized list of threats and issues".
Risk register is primarily a waterfall model artifact. Though we keep a note of the risk on a highly visible place but not mandatorily a risk register.
I believe either A or B, on context basis.
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