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…

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 and cost-effective means of establishing priorities

for Plan Risk Responses. It also lays the

foundation for Perform Quantitative Risk Analysis.

Answer A is incorrect. Risk identification precedes this activity.

Answer B is incorrect. This process does not describe the decomposition and organization of risks

that you will complete in a risk

breakdown structure.

Answer D is incorrect. Quantitative analysis is the final step of risk analysis. Note the question tells

you that Fred and the team will

identify risks for additional analysis.