Answers for "risk evaluation"

risk based testing

Risk based testing: When there is no time to do whole
regression testing, you only test the parts that matters, that
is related
Testing without requirements: Production defects
usually don't have any requirements and I talk to developer
to understand the situation better and then test it.

risk analysis

Risk analysis is the process of identifying
risk in the application and prioritizing 
them to test. Following are some of the
risks:
1.New Hardware.
2. New Technology.
3. New Automation Tool.
4. Sequence of code delivery.
5. Availability of application
test resources.

o High magnitude: Impact of the bug on
the other functionality of the application.
o Medium: it can be tolerable in the 
application but not desirable.
o Low: it can be tolerable. This type
of risk has no impact on the company business.