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Risk Meeting

A session the Product Owner calls to prioritize risks with the Scrum Core Team, optionally including relevant business stakeholders.

Key Points

  • Purpose is to rank risks and decide next actions.
  • Attendees are the Scrum Core Team; the Product Owner may invite business stakeholders as needed.
  • Outputs include an ordered risk list, assigned owners, and updates to the Product Backlog or Sprint Backlog.
  • Held when new or significant risks arise, or on a regular cadence; keep it timeboxed and focused.

Example

The Product Owner learns of a possible regulatory change. They call a risk meeting with the Scrum Core Team and invite a compliance stakeholder. The group assesses probability and impact, ranks the risks, creates a mitigation spike and a contingency task, assigns owners, and updates the Product Backlog.

PMP Example Question

To prioritize several new risks before the next Sprint, what should the Product Owner do?

  1. Add the risks to the impediment list and wait for the Scrum Master to resolve them.
  2. Convene a Risk Meeting with the Scrum Core Team and, if helpful, invite business stakeholders.
  3. Extend the Daily Scrum to allow deep risk discussion and ranking.
  4. Ask Developers to address risks ad hoc during the Sprint without formal prioritization.

Correct Answer: B — Hold a PO-led session with the Scrum Core Team (and optional stakeholders) to prioritize risks.

Explanation: A Risk Meeting is specifically for prioritizing risks with the Scrum Core Team; Daily Scrum is not for deep dives, and ad hoc handling or parking risks as impediments is inappropriate.

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