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How are risks handled in Scrum?
Posted by SCRUMstudy® on October 07, 2022
Categories: Agile Product Owner Scrum Scrum Guide Scrum Master Scrum Processes Scrum Team
How are risks handled in Scrum?
To ensure business viability, reduce the probability of project failure, and make more informed business decisions, it is important that risks are effectively managed through a well-organized and methodical approach.
In a Scrum environment, risks are generally minimized, largely due to the work being done in Sprints whereby a continuous series of deliverables is produced in very short cycles, deliverables are compared to expectations, and the Product Owner is actively engaged in the project. However, even in the simplest of projects, things can go wrong, so it is important to have a strategy to identify and address risks.
Risk, as defined in A Guide to the Scrum Body of Knowledge (SBOK® Guide), is applicable to the following:
- Portfolios, programs, and/or projects in any industry
- Products, services, or any other results to be delivered to business stakeholders
- Projects of any size or complexity
The term “product” in the SBOK® Guide may refer to a product, service, or other deliverable. Scrum can be applied effectively to any project in any industry—from small projects or teams with as few as six team members to large, complex projects with up to several hundred members in several teams.
Therefore, we must define risk, discuss the management of risks in a Scrum environment, and consider the tools that facilitate the management of risks.