Which statement best describes a quick risk assessment in Stage 1?

Which statement best describes a quick risk assessment in Stage 1?

• A. Conduct a full formal probabilistic risk analysis with quantitative models.
• B. Document only the anticipated benefits.
• C. Identify hazards, estimate likelihood and impact using expert judgment, and propose practical mitigations within constraints.
• D. Rely on past project success without assessing new risks.

Answer: (C)