A risk is such a circumstance which arices a great loss to any organisation. The risk cannot be removed completely but can be minimized to some extent. A risk generally transforms to risk.
For example, If you are managing the accounts section in your organisation, and you have commited some mistakes and you have done the incorrect tax calculation. It results risk to your organisation.
But, if this defect is controlled, you can atleast minimize the risk.This minimization of the risk can be done by correct software testing.
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