which of the following processes, probability and impact matrix is prepared?

During which of the following processes, probability and impact matrix is prepared?

A.
Perform Quantitative Risk Analysis

B.
Perform Qualitative Risk Analysis

C.
Monitoring and Control Risks

D.
Plan Risk Responses

Explanation:

The probability and impact matrix is a technique to prioritize identified risks of the project on their risk rating. Evaluation of each risk’s
importance and, hence, priority for attention, is typically conducted using a look-up table or a probability and impact matrix. This matrix
specifies combinations of probability and impact that lead to rating the risks as low, moderate, or high priority.
Answer options A, D, and C are incorrect. These processes are part of Project Risk Management knowledge area. The probability and impact
matrix is prepared during the Perform Qualitative Risk Analysis for further quantitative analysis and response based on their risk rating.

Reference: "A Guide to the Project Management Body of Knowledge, (PMBOK Guide), Fourth Edition."