In the PSMI guide, we know that Scrum is for complex projects, and with complexity, we have to assess the risk.


So what’s the main risk?

The financial risk is about the cost of the project. The management of a company wants to know the project’s cost, but a cause of the complexity, you don’t have it. The best way is to start with a few sprints and look at and analyze the result.

The business risk is about asking if the product we will make can fix the problem. For this risk, the Product Owner has a central part because he is the person who represents the business and needs to stay in strict contact with the stakeholder.

The technological risk is about the cost of developing and maintaining the solution. So every time the Developers make a choice that can impact it, they need to talk with the product owner about it. So the risk is to have a fantastic solution but too expensive.

Scrum values help to assess the risk too. For example, openness help to keep the work visible and avoid the risk of coming out when it’s too late.

Time-boxing is another valuable instrument for asses risk in Scrum because it restricts the risk.

For the exam you need to remember that:

  • The main risks are financial, business and technological;
  • For financial risk, the best solution is to start with a few sprints and get more insight on the product;
  • For business risk and technological risk, remember that the Product Owner is the business representative, and the entire team needs to get feedback from him;
  • The scrum values and time-boxing helps to assess the risk too.

References:

Share on: