how to check risk analysis code example

Example 1: what is risk based testing

Risk based testing: When there is no time to do whole
regression testing, you only test the parts that matters, that
is related
Testing without requirements: Production defects
usually don't have any requirements and I talk to developer
to understand the situation better and then test it.

Example 2: how to check risk analysis

Risk analysis is the process of identifying
risk in the application and prioritizing 
them to test. Following are some of the
risks:
1.New Hardware.
2. New Technology.
3. New Automation Tool.
4. Sequence of code delivery.
5. Availability of application
test resources.

o High magnitude: Impact of the bug on
the other functionality of the application.
o Medium: it can be tolerable in the 
application but not desirable.
o Low: it can be tolerable. This type
of risk has no impact on the company business