PMP Practice: Determine risk management options

Dakota Chen-Blackwood is leading a hybrid project for Wabi-Sabi Consulting to develop a patient monitoring platform for hospitals. The regulatory compliance module must follow predictive practices due to strict FDA validation requirements, while the user interface features use iterative sprints based on clinician feedback. During sprint planning, the development team identifies a technical risk: the real-time data synchronization between the agile UI components and the predictive compliance module may fail under high patient load. The team wants to build a prototype immediately to test the integration, but the compliance architect insists on completing formal interface specifications and risk response planning first, warning that rework could delay FDA submission by three months. The product owner is concerned that waiting will prevent user feedback on the UI, which is critical for hospital adoption. Both workstreams are on their critical paths, and the project has already consumed 15% of its contingency reserve. What should Dakota do to address this risk most effectively?