After identifying the risks, you analyze them qualitatively and quantitatively to see if your risk response planning will effectively minimize the project risk or not. If not, you will tweak your risk response plan so the project risks fall within the stakeholders’ tolerance limits. Which of the following statements is correct about the quantitative risk analysis process?

(a) It is performed before qualitative risk analysis

(b) It is performed on each project

(c) Performed after qualitative risk analysis, if required

(d) None of the above