Task 3: Assess and manage risks

During iteration planning for a hybrid software project, the team identifies a new technical risk: the third-party API they planned to integrate may not support the required data volume for peak usage periods. This could impact the current sprint goal and the upcoming release to production. The team estimates this affects 40% of the planned sprint work. Which TWO actions should the project manager take FIRST to address this risk?

A project manager is reviewing the project's risk register and notices that a risk identified three months ago as 'low probability, high impact' has not been reassessed despite significant changes in the external business environment. The risk involves potential regulatory changes that could affect 60% of the project deliverables. What should the project manager do?

A project team has identified a risk that a key supplier might not deliver components on time due to their own supply chain issues. The probability is assessed as medium, and the impact would be high, potentially delaying the project by 4-6 weeks. The team has identified three response options: find an alternative supplier, build buffer time into the schedule, or negotiate penalty clauses with the current supplier. What should the project manager do?

A project manager is working on a complex integration project involving multiple legacy systems. The technical team reports that they have discovered significant technical debt in one of the legacy systems that will require additional work to address before integration can proceed safely. This was not anticipated in the original planning. What should the project manager do FIRST?

During iteration planning for a hybrid project, the team identifies a new technical risk: the third-party payment processing API they planned to integrate may not handle the expected transaction volume during peak periods. This could impact the current sprint goal and the upcoming release. Which TWO actions should the project manager take FIRST?

A project manager is leading a software development project where the client has requested a feature that would require integration with a legacy system. The integration is possible but would significantly increase project complexity and risk. The feature would provide moderate business value. What should the project manager do?

A project manager is working on a project where the client has requested a feature that would significantly differentiate their product in the market. However, implementing this feature would require the team to work with experimental technology that has limited documentation and support. What should the project manager do?

During the execution phase of a hybrid project, a new regulatory requirement is announced that could significantly impact the project's technical architecture. The requirement has a 6-month implementation deadline, but the full implications are not yet clear. The project is currently on track for delivery in 4 months. What should the project manager do FIRST?

During the execution of a hybrid project, a new cybersecurity threat is identified that could affect the project's cloud-based components. The threat has not yet materialized but security experts indicate it could impact data integrity and system availability. The project is 70% complete and implementing additional security measures would require 3 weeks and additional budget. What should the project manager do FIRST?

During execution of a hybrid project, a new cybersecurity vulnerability is discovered that affects the project's cloud infrastructure components. Security experts indicate the vulnerability could potentially compromise data integrity and system availability if exploited. The project is 80% complete, and implementing comprehensive security updates would require 4 weeks and additional budget allocation. What should the project manager do FIRST?

During iteration planning for a hybrid software project, the team identifies a new technical risk: the third-party API they planned to integrate may not support the required data volume for the upcoming release. This could impact the sprint goal and the planned release date. What should the project manager do FIRST?

During a risk assessment workshop, the project team identifies that a key supplier might not be able to deliver critical components on time due to their own supply chain issues. The probability is assessed as medium (50%) and the impact on the project schedule would be high (4-week delay). What should the project manager do FIRST?

During a risk assessment workshop, the project team identifies a potential risk that a key technology vendor might discontinue support for a critical software component during the project lifecycle. The probability is assessed as low (20%) but the impact would be very high (complete rework required). What should the project manager do FIRST?

During iteration planning for a hybrid project, the team identifies a new technical risk: the third-party API they planned to integrate may not support the required data volume. This could impact the sprint goal and upcoming release. What should the project manager do FIRST?

During iteration planning, the team identifies a new technical risk: the third-party payment processing API may not handle the expected transaction volume during peak periods. This could impact the upcoming release. What should the project manager do FIRST?

During iteration planning, the team identifies a new technical risk: the third-party authentication service they planned to integrate may not handle the expected user load during peak usage periods, potentially causing system failures. This could impact the upcoming release. What should the project manager do FIRST?