Agile Risk Adjusted Backlog

5 minutes 5 Questions

Agile Risk Adjusted Backlog is a concept in Agile Risk Management where the product backlog is reviewed and adjusted based on identified risks. This process helps ensure that high priority items with potential risks are addressed early in the project. It includes categorizing backlog items into risk classes (low, medium, high) based on their complexity, impact, and likelihood of occurrence. This approach enables the team to allocate appropriate time and effort to manage the risks without jeopardizing the overall project schedule and budget.

Guide to Agile Risk Adjusted Backlog

Agile Risk Adjusted Backlog is a key component in Agile Risk Management, adopting an approach that allows for the integration of true risk value alongside business value when deciding the order of work.

Why is it important?
It is important as it aids in the prioritization of backlog items in terms of their perceived risk - this empowers an agile team to address severe risks early on in the project lifecycle.

What is it?
It is a method where the product backlog is adjusted according to the identified and quantified risks. Major risks are addressed in early iterations. The items in the backlog are ranked based on their risk factor, and the team tackles high-risk items first.

How it works?
This method works by evaluating the risk associated with each item in the backlog, and adjusting the backlog according to the risk assessment result. The items with higher risks are moved up in the backlog to be worked on earlier. This ensures that uncertainties and risks are mitigated or managed earlier in the project, which increases the project's probability of success.

Exam Tips: Answering Questions on Agile Risk Adjusted Backlog
1. Understand the definition and usage of Agile Risk Adjusted Backlog.
2. Be able to explain the importance of Agile Risk Adjusted Backlog within Agile Project Management.
3. Practice identifying and analyzing risks and adjusting backlog items based on their risk levels.
4. Be prepared to discuss the strategic advantage of managing risks early in the product development cycle.
5. Learn and understand the process, evaluation criteria and expected outcomes of Agile Risk Adjustment.

Test mode:

Exam (Timed)

Practice (With explanations)

Start practice test

Question 1

A crucial functionality change occurred in the project mid-sprint which requires considerable rework. How should the team manage the risk adjusted backlog?

Revisit the backlog, adjust the priorities and include the additional risk factor. Ask stakeholders to eliminate the change. Immediately integrate the change without adjusting the backlog. Create a separate backlog for high risk items. Ignore the change and continue with the original items from the backlog. Cancel the current sprint and start a new one with the new change.

Correct Answer: Revisit the backlog, adjust the priorities and include the additional risk factor.

The team should revisit the backlog, adjust the priorities, and include the additional risk factor to maintain focus on important tasks and risk responses.

Question 2

The team has identified a high-risk item in the backlog that has a major impact on project goals. How should the team handle this situation?

Divert all resources to address this one item. Delegate the high-risk item to external resources. Escalate the issue to stakeholders and wait for their response. Remove other low-priority items to make room for the high-risk item. Leave it for now and tackle it in a later sprint. Break down the item into smaller tasks and assign quick response techniques to address the risks.

Correct Answer: Break down the item into smaller tasks and assign quick response techniques to address the risks.

Breaking down the item into smaller tasks allows the team to better address the risks with appropriate responses and maintain a manageable workload.

Question 3

During a sprint, the team discovered that the probability of a risk occurring has greatly increased. How can they update the risk adjusted backlog?

Revise the backlog by reassessing the item's risk probability and impact while maintaining focus on delivering value. Remove the item from the backlog and focus solely on risk mitigation. Switch the team's focus entirely to risk mitigation. Request additional resources from stakeholders to address the higher probability risk. Ignore the increased probability and continue as planned. Transfer all resources focused on low probability risks to the higher probability risk.

Correct Answer: Revise the backlog by reassessing the item's risk probability and impact while maintaining focus on delivering value.

The team should revisit the backlog and revise the risk's probability and impact, while maintaining focus on delivering value and keeping the project objectives in mind.

Go Premium

Agile Project Management Preparation Package (2024)

More Agile Risk Adjusted Backlog questions

2 questions (total)