My team is using VSTS with the Agile process. When creating a User Story, there is a Risk field with options High, Medium and Low. We've searched through both the Agile and Scrum processes VSTS documentation to get an explanation as to what risk this represent, but found nothing.
We tried to reach consensus as to what "risk" the field is referring to but ended up undecided between these three definitions:
- Risk (as in chance) of the actual outcome (the resulting feature/implementation) not being the desired outcome (in the sense of the actual outcome not being approved by stakeholders)
- Risk (as in chance) of impediments/issues appearing that blocks development (such as having to research and buy a new tool/framework (such as a zip-code database) in order to implement the user story)
- Risk (as in "severity of the consequence") of getting the implementation wrong (such as having a bug in a operation that may involve a lot of money)
What does the field mean? Does this affect in any way other metrics in VSTS (such as Stack Rank)?