Which of the following represents the purpose of performing qualitative risk analysis?

Qualitative risk analysis evaluates the likelihood and potential impact of identified risks, assigning them a priority level (e.g., high, medium, low) to guide further risk response planning. This process helps determine which risks require immediate attention and which can be monitored.

Identifying risk owners is part of risk response planning, which follows risk analysis, not the primary purpose of qualitative analysis itself.

Determining contingency reserves is typically a result of quantitative risk analysis, which provides numerical estimates of project costs and schedules, rather than qualitative analysis.

Identifying new risks is part of the 'Identify Risks' process, which precedes risk analysis, rather than being the purpose of qualitative risk analysis.