How can the Pareto Principle be applied to risk management in automation testing?
- Allocating equal resources to all identified risks
- Identifying the most critical risks and focusing on addressing them first
- Ignoring risks that have a low probability of occurrence
- Randomly addressing risks without prioritization
The Pareto Principle, also known as the 80/20 rule, suggests that 80% of effects come from 20% of causes. In risk management, applying the Pareto Principle involves identifying the most critical risks that contribute significantly to potential issues. By focusing on addressing these high-impact risks first, automation testing teams can optimize resource allocation and enhance the effectiveness of risk mitigation strategies.
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