Risk-based testing is essential to focus our testing, but it is not always easy to apply to our projects. Risk management tends to focus more on project and process risks (i.e., Will we make the deadline? Do we follow our processes?) and less on the product risks that can act as a foundation for a risk-based approach to test. Including this aspect of risk in your test coverage will give you a solid foundation for defining a test strategy that implements and executes the right tests with the right intensity to mitigate the most critical product risks. In this presentation, Gitte Ottosen walks you through approaches to lightweight product risk analysis that can be applied whether you are working in a traditional or agile context. The approaches focus on the conversation around identifying and classifying product risks as a team effort, as well as how to use product risk analysis to support test specification and execution.