You work as a project manager for TYU project. You are planning for risk mitigation. You need to identify the risks that will need a more in-depth analysis. Which of the following activities will…

Qualitative risk analysis applies a relative scale to assess each identified risk's probability of occurrence and its potential impact, generating a prioritized list that directly answers the question of which risks need further, more rigorous numerical analysis through quantitative methods.

Quantitative risk analysis numerically models the effect of high-priority risks on project objectives and is the step performed after qualitative analysis has already identified which risks warrant deeper examination.

Risk identification is the process of discovering and documenting potential risks, not evaluating or ranking them to determine which need further analysis.

Estimating activity duration is a schedule management activity used to calculate the time needed for project work and is unrelated to the risk management process.