Wednesday, October 11, 2006

What is Risk Analysis?

Risk:Loss to the organization due to risk.

Risk Analysis:evaluation of risks,controls etc.

Risk in real scenarios could be in testing as follows:
1.Resource
2.New technology
3.Knowledge of product
4.lack of business scenarios
5.performance
6.security
7.file integrity etc

we need to identify the risks before hand about the
project/product and calculate the impact of the risk,
and find the reduction process for the risks.

formula for risk:
estimated frequency*loss per occurrence.

and find the solution to avoid the risk.

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