Guide on Agile Risk Adjustment

What is Agile Risk Adjustment?
Agile Risk Adjustment is a technique prevalent in Agile project management where risk assessments and adjustments are performed throughout the project's lifecycle. It involves periodic reassessment and readjustment of risks following the changing dynamics of the project.

Why is it Important?
Agile Risk Adjustment is important as it ensures risks are managed and mitigated throughout the project, and allows for continuous adaptation of strategies, thereby increasing the overall success rate of Agile projects.

How Does it Work?
Agile Risk Adjustment works by regularly evaluating all identified risks, assessing the potential impact, re-prioritizing based on the current project conditions and modifying mitigation strategies if necessary. This is performed in regular intervals or as part of each iteration.

Exam Tips: Answering Questions on Agile Risk Adjustment
Understanding and applying Agile Risk Adjustment in real scenarios enhances one's ability to answer related exam questions. Remember, Agile emphasises on response to change, hence, in agile risk management, risk reassessment is a continuous process. Questions may be situational and require you to apply the key principles of Agile Risk Adjustment. Always consider the dynamic nature of risks and the iterative approach to risk adjustment in your responses.

Another point to note is that Agile Risk Adjustment involves active stakeholder participation. Therefore, expect to encounter questions that require the application of Agile principles like communication, collaboration, and stakeholder involvement.

Lastly, practice answering a variety of questions in different formats to boost confidence and performance in the actual exam.