What process is Fred completing?

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?

A.
Perform qualitative analysis

B.
Perform quantitative analysis

C.
Risk identification

D.
Risk Breakdown Structure creation

Explanation:

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 option C is incorrect. Risk identification precedes this activity. Answer option D is incorrect. This process does not describe the decomposition and organization of risks that you will complete in a risk breakdown structure.
Answer option B 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. Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth Edition"