The importance of a risk as defined by its characteristics impact and likelihood. The level of risk can be used to determine the intensity of testing to be performed. A risk level can be expressed either qualitatively (e.g. high - medium - low) or qu

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1. The importance of a risk as defined by its characteristics impact and likelihood. The level of risk can be used to determine the intensity of testing to be performed. A risk level can be expressed either qualitatively (e.g. high - medium - low) or qu