What is the difference between formal and informal risk assessments?

Answer 1

• Formal represent, conducting the proper meeting with in the

team members and other team members(development), proper

documentation, logging the bug etc...while Informal represents not doing these things.

•Informal testing is done by a coder before he gives files to

the testing team.The coder himself tests his codes in an

informal way.there is no procedure of informal testing.the

coder also uses automation tools for unit testing and

integration testing.

On the other hand formal testing is done by the testing

team.The testing team follows the formal procedure of

testing the files.They make test cases,run tests and then

log the bugs in the bug tracking tools.

Answer 2

Formal risk assessments follow a structured process with defined methodologies and tools to systematically identify, analyze, and evaluate risks. They are usually documented and require specialized expertise. Informal risk assessments, on the other hand, are less structured and rely more on subjective judgment and experience. They are often conducted quickly and informally, without documentation.