Faced with limited resources, how should a test manager prioritize automation efforts to manage risk effectively?

When resources are limited, prioritizing automation efforts should focus on high-priority test cases that cover maximum risk. This ensures that critical functionalities and areas prone to defects are covered by automation, helping to manage risk effectively. Automating low-priority test cases may not provide sufficient risk coverage, and automating quick-to-execute, low-risk cases may not yield significant benefits in terms of risk management.