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What are some risks in Scrum? How are they handled?

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What are some risks in Scrum? How are they handled?

Some types of risks in Scrum are:

Budget: The risk of exceeding budgets

People (team): Team members need to be of appropriate skill and capability

Sprint (duration and deliverables): Exceeding the duration, addition of  the scope of work

Product (user stories, epics): Having ill-defined user stories and epics

Knowledge and capability: Having the appropriate resources 

Managing risks involves identifying, assessing, analyzing, defining, and implementing risk responses, monitoring, and managing them. These are done on a continual basis right from the starting of the project until completion. It is essential to understand that the impact of the risk is based on the proximity of the actual occurrence of the risk.

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