Risk Analysis
The process of evaluation of identified risks to calculate its probability and impact.
Risk Assessment
The process of assessing a given project or product risk to determine its ATT level of risk, typically by assigning likelihood and impact ratings and then aggregating those ratings into a single risk priority rating.
Risk Control
The process by which decisions and protective measures are taken to reduce risks for a certain level, or maintaining risks within agreed limits.
Risk Identification
The process of risk recognition using such techniques as brainstorming, checklists and failure history.
Risk Impact
The damage that will be caused if the risk becomes an actual outcome or event.
Risk Level
The importance of risk is determined by its characteristics: impact and probability.
Risk Likelihood
The estimated probability that a risk will become an actual outcome or event.
Risk Management
It is systematic use of procedures and practices in order to identify, analyze, prioritize and control risks.
Risk Type
It is a certain risk category in relation to testing types that can mitigate or control this risk category.