Qualitative risk assessments determine the level of risk based on the probability and impact of risk. therefore, The correct statement is option B.
Qualitative risk analysis refers to the method of rating or scoring risk based on a person's belief of the severity and probability of its consequences.
It specializes in figuring out dangers to the degree each the probability of a selected risk event taking place in the course of the undertaking life cycle and the effect it's going to have on the general schedule needs to it hit.
Therefore, Qualitative risk assessments determine the level of risk based on the probability and impact of risk. The correct statement is option B.
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