Two types of risks are

1.Product Risks-

• Related to product

• Faced when product is running in the live environment

• Could harm individuals

• Does not meet function or non functional reqs

• Week security standards

2.Project Risks-Faced when product is under development

• Req not defined properly

• Test env not ready

• Old tools

• Skills ,training

• Personal issues

• Failure of third party

• Attitude problems between developers and testers