The _______________ technique assesses risks based on their probability and severity.

  • Failure Mode and Effect Analysis (FMEA)
  • Fault Tree Analysis (FTA)
  • Monte Carlo Simulation
  • Risk Matrix Method
The Risk Matrix Method is commonly used to assess risks in testing based on their probability and severity. It involves creating a matrix to visualize and prioritize risks, aiding in effective risk management by focusing on addressing the most significant potential issues.
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