Fred Is the Project Manager of the CPS Project

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