Product risk is the risk related to the software product or application arising from its inability to perform as per the expectations of the user or the purpose for which it was developed. These are the potential and vulnerable areas of the software product, which may lead to its failure or prevents it to fulfil the customer's requirements and stand on their expectations.
Basically, it involves the risks pertaining to the functionality and performance aspect of the software product such as reliability, usability, security, maintainability, etc.
Product risk is all about the event or action or weakness or gaps or condition or any such thing, which does not works in the favour of software product quality, and may badly strikes the quality of the developed software product. Few of them are:
To identify a product risk associated with the software product, a tester may go for the following steps:
An effective approach to lessen the product risk is the risk based testing.
It is a testing approach to prioritize the test cases and organize the efforts to be required in testing based on the likelihood of the defects in the software product, i.e. functionalities or features, which are likely to be most affected by a bug or defect is tested with the priority as sometimes it may not be possible to consider all functionalities or features under the test.