the  possible risks in s/w testing 

1) testing team foramtion 
2) time duration given for testing to be completed .
3) budgetary issues .
4) poorly written code .
5) availability of the tools depending on the complexity of
   the application .
6) miscommunication b/w devolopers and testers .
 7) Delays in delivaries from the devoloping team
Risk management ;

1) a good team leader can identify his group who can 
perform well ,if itis a new technology then he will be 
asking the management to provide some training on the 
current technology.
2)Budget will be taken care by the top management at the 
time of accepting the project .
3)Time dureation will be assessed depending on the 
complexity of the project .

these are some of the risks and management technics with 
the S/W testing .in order to give a better quality to the 
customer ,in every organization continiuos walk thruoghs,
CAMs, Meetings will be held very often.


iam requesting all, correct me if iam wrong

I would like to add some more...
1. Poor requirements
2. not knowing the functional domain 
3. implied business rules
4. resource management (one of the resource leaving is also 
a possible risk). 

The tester should raise clarifications and get them 
understand to manage with the poor requirements

Knowing the domain of the application is one of the 
possitive point to manage with functional testing. Business 
rules will be know if a grip on the functional domain of 
the application is sound. To gain both of this, a regular 
KT's should be conducted.

A lead should be pro-active in a situations where a loss of 
resource will not effect the process. To manage this, 
backups should be planned in time.