Fred is the project manager of the CPS project. He is working with his project team to prioritize the identified risks within the CPS project. He and the team are prioritizing risks for further analysis or action by assessing and combining the risks probability of occurrence and impact. What process is Fred completing? 

Answer options:

A. Risk identification
B. Risk Breakdown Structure creation
C. Perform qualitative analysis
D. Perform quantitative analysis

and cost-effective means of establishing priorities for Plan Risk Responses. It also lays the foundation for Perform Quantitative Risk Analysis. Answer: A is

Qualitative ranks the probability and impact and then helps the project manager and team to determine which risks need further analysis. Perform Qualitative Risk Analysis is the process of prioritizing risks for further analysis and action. It combines risks and their probability of occurrences and ranks them accordingly. It enables organizations to improve the project`s performance by focusing on high-priority risks. Perform Qualitative Risk Analysis is usually a rapid complete in a risk breakdown structure. analysis.