Section: Volume A
Explanation:
The low probability and low impact risks should be added to a watchlist for future monitoring.
Incorrect Answers:
A: The risk response for these events may be to accept them, but the best answer is to first add them to a watchlist.
C: Risks are not dismissed; they are at least added to a watchlist for monitoring.
D: While the risks may eventually be added to the register, the best answer is to first add them to the watchlist for monitoring.

Explanation/Reference:
Explanation:
Risk register update is the only output of the choices presented for the qualitative risk analysis process.
The four inputs for the qualitative risk analysis process are the risk register, risk management plan, project scope statement, and organizational process assets. The output of perform qualitative risk analysis process is Risk Register Updates. Risk register is updated with the information from perform qualitative risk analysis and the updated risk register is included in the project documents. Updates include the following important elements:
Relative ranking or priority list of project risks

Risks grouped by categories

Causes of risk or project areas requiring particular attention

List of risks requiring response in the near-term

List of risks for additional analysis and response

Watchlist of low priority risks

Trends in qualitative risk analysis results

Incorrect Answers:
A, C, D: These are not the valid outputs for the qualitative risk analysis process.