This workshop deals a real-life method (PRISMA) for applying structured risk-based testing in projects. It presents how risk identification and analysis can be carried out in close co-operation with stakeholders. It also addresses ways on how the outcome of the risk analysis can/should be used to define a differentiated risk-based test approach. The method has been developed in practice and has been tuned through many test projects in various domains. Practical experiences are discussed, together with problems encountered and results achieved. The focus will also be on how to apply risk-based testing in an Agile environment. The specific derivate from PRISMA for Agile, called Risk-Poker is presented as a practical, easily applicable method for risk-based testing in Agile projects.