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As already stated, a risk-based approach to testing provides proactive opportunities to reduce the levels of product risk starting in the initial stages of a project.

From

Cover of Software Testing - An ISTQB-BCS Certified Tester Foundation guide 3rd edition

Note

The main benefit of Risk Based Test Approach
Risk based testing helps:

1.Identification of "Risky Tests"coverage
2. Identification of Priorities (High to Low)
3.Considers non-technical activities - Opens non-technical solutions such as training to help minimize risk.