We can determined to the risk as the possibility of an occurrence, accident, warnings, position, condition or situation happening and its unwanted outcomes. This is a main cause of the outcomes in negative form.
There is a formula for calculating the risk, mentioned as below:-
Risk = Probability or Possibility of the event occurring x Impact or Effect if it did happen
Types Of Risk:- In the software term, we can distributed to the risk into two types. These are as below:-
Project Risks:- There are few risks related the projects which are mentioned as below:-
Provider or Distributor issues
Product Risks:- There are few risks related to the product, which happen on the live environment mentioned as below:-