This document discusses risk-based testing and test progress monitoring. It explains that gathering metrics on product risks, defects, test coverage, and confidence is important for monitoring test progress objectively and subjectively. Inaccurate monitoring can lead to incorrect management decisions. Risk-based testing involves identifying project and product risks, assessing their level and likelihood, and mitigating risks through techniques like testing to reduce defects before release. The test analyst's role is to implement the risk-based approach correctly by determining what to test first based on risk.