What is meant by risk? how you can avoid the risks?

Showing Answers 1 - 31 of 31 Answers

Chellam Kalipillai

  • Jul 27th, 2006
 

Risk can be anything that leads to failure / defect / error in the apllication or process.

We can avoid risk by applying proper risk matrix in the process.Risk Matrix shows the controls within application systems used to reduce the identified  risk, and in what segment of the application those risks exist.

Consider,Team members are leaving from the organization in the middle of the project is the risk for the Manager.For that he can take the preventive action by ask for the bond from the employee or can have the countable backups in the project.

Kazuki

  • Sep 4th, 2006
 

Risk is the measure of the likelihood of an undesired outcome affective the process/product in question!

It can be avoided by proper Risk Management methods, which include Risk Identification (eg, FMEA), Risk Analysis (eg, RCA, Prioritization) and Risk planning (eg, contingency and mitigation plan, tracking and control).

  Was this answer useful?  Yes

sankari

  • Sep 18th, 2006
 

Risk is the potential loss to an organization

To reduce the risk the tester must:

Identify these risks

Estimate the severity of the risk, and then

Develop tests to substantiate the impact of the risk on the application.

 

  Was this answer useful?  Yes

Charan Shetty

  • Oct 27th, 2006
 

How do we know about the risks? Is it based on the SRS provided by the client?

  Was this answer useful?  Yes

I think risk is a possibility and not a measure. We need to measure the likelihood of the risk in terms of its severity. Risk is tackled in two ways - Proactive (Recommended)- Reactive (Might just work, if lucky!!)Proactive method includes identifying all possible risks before they occur and have solutions for mitigating them (as risk cannot be avoided).Reactive is self explanatory.For example if the team doesnt have expertise of the technology required to test a product, that is a high priority risk. A proactive meausre for this would be to train the team and bring in the expertise needed before the risk occurs.

  Was this answer useful?  Yes

vijay

  • Nov 28th, 2006
 

Risk:It is a pontential problem which will occur in the unexpected situation.

By past project experience , Impact Analysis, we can avoid the risk.

Thanks,

Vijayaraj K

  Was this answer useful?  Yes

Sujata

  • Dec 6th, 2006
 

Risk is the possibility that an unfavorable event may occur . It may be predictable or unpredictable .Risk may have 3 components :

1.The event that could occur i.r risk 2.The probablity that the even wil occur & 3.the impact or consequences of the event that if it occurs.U can avoid Risk by 1.

1. Identifying the Risk,2.Quantifying the risk i.e by Risk identification & Risk Priortization.3.Risk REsponse Developement 4.Risk Resolution & Risk Monitoring.

 

  Was this answer useful?  Yes

Risk refers to the possibility that an unfavorable event may occur. A risk has several components: 
- Knowledge that an event is a risk
- Liklihood that this event will occur
- The impact or consequences if the event occurs

Other things to consider:
- Determine what can be done to avoid the event
- Determine what can be done to minimize its impact if it occurs

If there are a number of risks to manage, you can:
- Identify the risks
- Evaluate the risks
- Quantify the risks 
- Prioritize the risks
- Mitigate the risks
- Devise risk responses
- Devise risk resolutions
- Monitor the risks

  Was this answer useful?  Yes

SANTHOSH

  • Jan 23rd, 2012
 

Risk can be avoid by using the right standard, qualified procedure experienced person and proper tools, in good working envoirment.

  Was this answer useful?  Yes

kannan

  • Jul 3rd, 2012
 

Risk is the probability for an unfavorable event to occur.It is classified as ALPHA and BETA risk.
Alpha risk is also called as manf risk (If good product getting Rejected) and Beta risk is customers risk (If bad product getting accepted by customer). Beta risk is worse than Alpha . Always these two risks will be present in a process so we cant avoid these completely but we can reduce Alpha risk by allowing some Beta.

  Was this answer useful?  Yes

naveenkumar

  • Nov 26th, 2015
 

Risk can be simply defined as, its a failure of product and process. We make the QA process to avoid the risk, that means we implement 7QC tools, Error Proofing Method etc.

  Was this answer useful?  Yes

a

  • Aug 11th, 2016
 

Risk means probability of loss, damage it can prevent by identifying before it happens.

  Was this answer useful?  Yes

dharma

  • Aug 3rd, 2017
 

Risk can be anything lead to failure, I will try to face problem, and analysis to monitor where problem is create identified

  Was this answer useful?  Yes

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.

 

Related Answered Questions

 

Related Open Questions