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Enterprise Risk Management and Mitigation

5 minutes 5 Questions

Enterprise risk management and mitigation is a vital concept of enterprise awareness for a Disciplined Agile Scrum Master. This involves the systematic identification, assessment, and management of risks that could impact the organization at a strategic level. It's about understanding that risks are interconnected and that issues within a team can have broader implications across the enterprise. A Scrum Master with a keen sense of enterprise risk management recognizes that effective risk mitigation strategies must align with the organization's overall risk appetite and tolerance. They proactively engage in practices that identify potential threats early in the development process, considering both internal and external factors that could affect project and organizational success. This concept requires the Scrum Master to collaborate closely with stakeholders, including risk management professionals and other teams, to ensure a cohesive approach to risk. By integrating risk management into the agile practices, the Scrum Master ensures that the team is prepared to respond to uncertainties and challenges promptly and effectively. Moreover, the Scrum Master fosters a culture of transparency and continuous communication regarding risks. This openness allows for timely decision-making and supports the organization's ability to adapt strategies as needed. Enterprise risk management and mitigation enable the Scrum Master to contribute to the organization's resilience, ensuring that both the team's objectives and the enterprise's long-term goals are protected.

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DASM - Enterprise Awareness Example Questions

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Question 1

In a Disciplined Agile enterprise, when should risk management reviews be conducted?

Correct Answer: At regular intervals throughout the project lifecycle with increased frequency during high-risk phases

In Disciplined Agile enterprises, risk management is an ongoing, continuous process that requires regular attention throughout the project lifecycle. The correct answer reflects DA's adaptive and flexible approach to risk management, recognizing that risks evolve and change throughout the project. It emphasizes the need for increased frequency during high-risk phases, which aligns with DA's goal of responding to change and managing risks proactively. The other options are incorrect because: - Limiting risk reviews to just project starts and milestones is too rigid and misses emerging risks - Conducting risk reviews only during the planning phase contradicts DA's continuous risk management approach - Quarterly intervals are too structured and may not align with project needs, as risks can emerge at any time and require more frequent attention in certain phases.

Question 2

What is the most effective way to handle enterprise-level risks in a Disciplined Agile organization?

Correct Answer: Implement a risk-adjusted backlog prioritization system

In a Disciplined Agile organization, implementing a risk-adjusted backlog prioritization system is the most effective approach to handle enterprise-level risks because: - It integrates risk management into the regular flow of work - It enables teams to address risks proactively through regular delivery cadence - It allows for context-driven decision making - It maintains agility while managing risks - It promotes continuous risk assessment and adaptation The other approaches are less effective because: Extensive documentation creates overhead and may become outdated quickly, reducing agility and responsiveness. A centralized risk management team contradicts agile principles by creating silos and reducing team autonomy and ownership. Standardized templates applied regardless of context violate the Disciplined Agile principle of context-driven choices and may miss unique project-specific risks.

Question 3

Which risk mitigation approach is most suitable for handling recurring threats in a Disciplined Agile enterprise?

Correct Answer: Establishing standardized response patterns based on historical data and outcomes

Establishing standardized response patterns based on historical data and outcomes is the optimal approach for handling recurring threats in a Disciplined Agile enterprise because: 1. It leverages organizational learning and experience 2. It promotes consistency in risk handling 3. It enables faster response times through standardization 4. It aligns with DA's principle of learning from experience The other options are less effective because: Creating extensive documentation is time-consuming and may become outdated quickly in an agile environment. Implementing reactive protocols based on current market conditions lacks the proactive approach needed for effective risk management and doesn't capitalize on past experiences. Developing individual departmental strategies creates silos and reduces organizational efficiency, contradicting DA's goal of enterprise-wide consistency and collaboration.

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