Agile Risk Management

Correct Answer: Facilitate a discussion to identify potential risk mitigation strategies and incorporate them into the next sprint planning.

The best approach is to facilitate a discussion among the team to identify potential risk mitigation strategies and incorporate them into the next sprint planning. This enables the team to proactively address the risk and adapt their plan accordingly. Documenting the risk and revisiting it later does not actively mitigate the risk. Assigning the responsibility to one individual does not leverage the collective problem-solving ability of the team. Conducting a thorough analysis and seeking approval before the sprint goes against the principle of self-organization and may delay the team's progress.

Correct Answer: Identify and assess the risk, prioritize it in the backlog, and discuss it in the next scrum meeting

The first answer, which recommends identifying and assessing the risk, prioritizing it in the backlog, and discussing it in the next scrum meeting, is correct. It is part of the Scrum Master's role to efficiently manage risks and ensure that the team are all aware of them, protecting the team from any issues that may impact productivity or project delivery. This way, the team can collectively develop a plan to counteract the risk. The other answers are incorrect because ignoring the risk could lead to further issues and decrease in productivity. Taking the risk management solely upon oneself eliminates the collective intelligence aspect of Scrum, taking the team out of the decision making process which does not align with the principles of transparency and adaptation in Agile and Scrum. Halting all project activity until the risk is mitigated could unnecessarily impact productivity and does not leverage the team's ability to handle risks in an Agile manner, adapting to changes efficiently.

Correct Answer: Re-prioritize the story to the subsequent sprint where expert can be available

In Scrum, it's pivotal to prioritize according to the capacity of the team and the availability of resources before scheduling stories in a sprint. If a particular story needs expert input, which is not available during the current sprint, the most optimal approach is to re-prioritize the story to the subsequent sprint where the expert will be available. This way, the risk can be mitigated effectively and the story will be handled most efficiently. Proceeding without expert guidance might increase the risk and may cause faulty outcomes. Hence, this choice is not advisable. Asking the team to work overtime is against the principles of Scrum which promotes sustainable pace - the team should be able to maintain a constant pace indefinitely. Canceling the current sprint and planning a new one including the expert is not a practical solution since it may have significant repercussions on the project timeline and it disregards the work already done within the current sprint.