5.2 Risk Management

Question 1

Organizations face many internal and external factors that make it uncertain whether and when … (ISO …

Answer 1

they will achieve their objectives

31000).

Question 2

Risk management allows the organizations:
- to increase the l… of …
- improve the q… of …
- increase the stakeholders’ …

Answer 2

• likelihood
  achieving objectives
• quality
  their products
• confidence and trust.

Question 3

The main risk management activities are:
- risk analysis (consisting of risk i… and …
- risk control (consisting of risk m… and …

Answer 3

• identification
  risk assessment)
• mitigation
  risk monitoring)

Question 4

Risk-based testing

The test approach in which test activities are “ “, “ “, and “ “ … based on risk a…

Answer 4

selected, prioritized, and managed

analysis and risk control.