What does the Product Backlog represent?

The Product Backlog represents an ordered list of everything needed in the product. This includes features, functionalities, requirements, enhancements, and fixes that need to be addressed. The Product Backlog is dynamic and evolves as new information becomes available and as market needs change. By being ordered, items in the Backlog can be prioritized based on their value to customers and stakeholders, which helps the team focus on delivering the most important items first. This prioritization is essential for maximizing the product's value and ensuring that the team is always working on the most relevant tasks.

In contrast to the other choices, a complete list of tasks for the Scrum Team does not accurately capture the essence of the Product Backlog, which encompasses more than just tasks. A detailed project plan for the next year suggests a fixed and static approach, which goes against the agile principles of Scrum where adaptability is key. Finally, a historical record of past sprints does not align with the purpose of the Product Backlog, as it is concerned with what is yet to be done rather than what has been completed.