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What is risk based testing Risk Based Testing (RBT) is a software testing type which is based on the probability of risk. Risk based testing prioritizes testing of features and functions of the software application which are more impactful and likely to have defects. Risk is the occurrence of an uncertain event with a positive or negative effect on the measurable success criteria of a project. It could be events that have occurred in the past or current events or something that could happen in the future. These uncertain events can have an impact on the cost, business, technical and quality targets of a project. Risks can be positive or negative. • Positive risks are referred to as opportunities and help in business sustainability. For example investing in a New project, Changing business processes, Developing new products. • Negative Risks are referred to as threats and recommendations to minimize or eliminate them must be implemented for project success.