You are managing a software development project that employs both Agile and traditional project management practices to minimize risks. During the planning phase, you identify a critical component that requires a high level of expertise and has the potential to delay the entire project if not managed properly. How would you approach managing this risk using hybrid management practices? Select an answer: Use Agile sprints for the development of the critical component while employing traditional risk management techniques such as contingency planning and regular progress reviews. Outsource the development of the critical component entirely to mitigate the risk. Rely solely on Agile practices, such as iterative development and daily stand-ups, without integrating traditional risk management techniques. Stick strictly to traditional project management techniques, such as detailed upfront planning and risk registers