The PMI process to perform qualitative risk analysis is in the risk management knowledge area and the planning process group. This is the initial assessment of the identified risks. Risk levels (e.g., high, medium, low) and categories are identified. This will assist in performing quantitative risk analysis and planning risk responses.

It is described in section 11.3 of the PMBOK.

According to the PMBOK, this activity has the following characteristics:

Inputs Tools and Templates Outputs
risk management plan, scope baseline, risk register, enterprise environmental factors, organizational process assets risk probability and impact assessment, probability and impact matrix, risk data quality assessment, risk categorization, risk urgency assessment, expert judgment project documents updates

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