You are the project manager for your organization. You are working with your project team to complete the qualitative risk analysis process. The first tool and technique you are using requires that you assess the probability and what other characteristic of each identified risk in the project?

A.
Risk owner

B.
Impact

C.
Risk category

D.
Cost

Explanation:

Risk probability and impact is the team rating of the project’s risks and opportunities. All identified risks should have their cost and impact assessed as a part of qualitative risk analysis. Answer option D is incorrect. The cost of the risk will be determined through quantitative risk analysis. Answer option C is incorrect. The risk categories are not defined through the risk assessment tool and technique.
Answer option A is incorrect. Risk owners are not determined through risk assessment. Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth Edition"