Product risk analysis is the process of identifying and assessing the product risks that may affect the quality or functionality of the software under test1. Product risk analysis involves two primary activities: risk identification and risk assessment. Risk identification is the activity of finding, naming, and describing the risks that might affect the software under test2. Risk assessment is the activity of estimating the impact and probability of occurrence (likelihood) of the identified risks, and prioritizing them based on these factors3.
Therefore, option B is the correct answer. Option A is incorrect because risk testing and risk management are not primary activities of product risk analysis, but rather activities that follow or use the results of product risk analysis. Risk testing is the activity of designing, implementing, and executing tests based on the product risk levels to reduce the level of product risks and inform stakeholders of their status4. Risk management is the activity of planning, monitoring, and controlling the risks and the risk mitigation actions in the software project5. Option C is incorrect because risk identification and risk testing are not primary activities of product risk analysis, but rather activities that are part of product risk analysis and risk-based testing respectively. Option D is incorrect because risk management and risk assessment are not primary activities of product risk analysis, but rather activities that are part of risk management and product risk analysis respectively. References: 1: ISTQB Glossary, Product Risk Analysis 2: ISTQB Glossary, Risk Identification 3: ISTQB Glossary, Risk Assessment 4: ISTQB Glossary, Risk-Based Testing 5: ISTQB Glossary, Risk Management : Product Risk Analysis (PRA) | TMap : Risk-Based Testing | ISTQB Glossary : Risk Analysis | ISTQB Glossary