CAST Risk Management & Mitigation 3

Question 1

When performing a FMEA (Failure Mode and Effects Analysis), what does the Risk Priority Number (RPN) represent?

Accepted Answer

Severity × Occurrence × Detectability

Answer

The total cost of fixing all failures

Answer

The number of test cases required per failure mode

Answer

Impact × Likelihood only

Question 2

A project manager asks the test team to stop testing a low-risk module to focus on a high-risk integration. This is an example of which risk response strategy?

Accepted Answer

Risk mitigation through prioritization

Answer

Risk avoidance

Answer

Risk transfer

Answer

Risk acceptance through reallocation

Question 3

Which type of risk specifically arises from NOT performing sufficient testing on a software component?

Accepted Answer

Quality risk

Answer

Product risk

Answer

Project risk

Answer

Residual risk

Question 4

In the context of risk management, what does 'risk transference' mean in software projects?

Accepted Answer

Shifting the financial or operational consequence to a third party such as a vendor or insurer

Answer

Moving a risk to a later sprint for reassessment

Answer

Assigning a risk to a different tester

Answer

Converting a product risk into a project risk

Question 5

Which testing technique is MOST effective at identifying risks caused by interactions between integrated components?

Accepted Answer

Integration testing

Answer

Unit testing

Answer

Acceptance testing

Answer

Regression testing

Question 6

A quality risk assessment reveals that a payment gateway has HIGH impact but LOW probability of failure. How should this risk be handled?

Accepted Answer

Test it thoroughly because the impact justifies the effort

Answer

Ignore it due to low probability

Answer

Assign it low test priority

Answer

Document it and accept without testing

Question 7

Which document formally records the decisions made about risk responses and the person accountable for each risk?

Accepted Answer

Risk register

Answer

Test plan

Answer

Defect report

Answer

Test summary report