Risk analysis is the process of identifying risk in the application and prioritizing them to test. Following are some of the risks:

•  New Hardware.
•  New Technology.
•  New Automation Tool.
•  Sequence of code delivery.
•  Availability of application test resources.

We prioritize them into three categories these are:
• High magnitude: Impact of the bug on the other functionality of the application.
• Medium: it can be tolerable in the application but not desirable.
• Low: it can be tolerable. This type of risk has no impact on the company business.