Explain how to define Severity Rating in your project.

Severity rating is a combination of three factors:

- The frequency of the problem occurrence. It could be common / rare

- The impact of the problem. It might be simple or hard for overcoming of users

- The persistence of the problem. It might be a onetime problem or could repeatedly be occurring.

These severity ratings are used for allocating the resources to fix the serious issues / problems and also give a rough estimate of the requirement which leads additional utilization of efforts.