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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