Software testing, like any other project activity, is exposed to various risks that can jeopardize its success. Identifying and addressing these risks is crucial for ensuring a smooth testing process and achieving project goals.

Key Project Risks in Software Testing:

• Delayed Deliveries: Risks such as delays in receiving test items from the development team or issues with the availability of the test environment.
  
  
• Indirect Risks: Challenges like lengthy delays in fixing defects discovered during testing or difficulties in obtaining necessary system administration support for the testing environment.

Four Strategies for Managing Risks:

1. Mitigate: Proactively take measures to lessen the likelihood and impact of the risk.
   
   
2. Contingency: Develop a contingency plan to address potential risks if they occur.
   
   
3. Transfer: Shift the responsibility of managing the risk to another team member or project stakeholder.
   
   
4. Ignore: Choose to ignore the risk when it is minimal or when there are no viable actions to address it.

By effectively managing these risks, we can minimize their impact and ensure the successful completion of software testing projects.