Describe how to perform Risk Analysis during software testing.

Correct Answer: While a test plan is being created, risks involved in testing the product are to be taken into consideration along with possibility of their occurrence and the damage they may cause along with solutions; if any Detailed study of this is called as Risk Analysis Some of the risks could be: New Hardware New Technology New Automation Tool Sequence of code delivery Availability of application test resources Identify and describe the risk magnitude indicators: High, Medium and Low High magnitude means the effect of the risk would be very high and non-tolerable Company may face severe loss and its reputation is at risk Must be tested Medium: tolerable but not desirable Company may suffer financially but there is limited liability or loss of reputation Should be tested Low: tolerable Little or no external exposure Little or no financial loss Company’s reputation unaffected Might be tested Three perspectives of Risk Assessment: Effect, Cause and Likelihood To assess risk by Effect, identify a condition, event or action and try to determine its impact To asses risk by Cause is opposite of by Effect Begin by stating an undesirable event or condition and identify the set of events that could have permitted the condition to exist To asses risk by Likelihood is to determine the probability that a requirement will not be satisfied