Understanding Risk Attitude in a Scrum Environment

To ensure viability, desirability, and achievability of the project’s business justification, it is important that risks are managed effectively. Risk management focuses on identifying all the inherent risks, assessing their probability, proximity, & impact, prioritizing and mitigating them to increase the probability of project success.

Risk is defined as an uncertain event that can affect the objectives of a project and may contribute to its success or failure. Risks with a potential for positive impact on the project are called opportunities, whereas threats are risks that could negatively impact a project. Managing risk must be done proactively, and it is an iterative process that should begin at project inception and continue throughout the life of the project.

Business Stakeholders include all people or organizations impacted by the project as well as those that have the ability to impact the project. It is important to understand the risk attitude of the business stakeholders.

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