Which of the following is a correct order of the risk planning steps? Report an error Identifying risks; prioritizing risks; analyzing risks for likelihood and impact; and developing a risk response strategy. Developing a risk response strategy; identifying risks; analyzing risks for likelihood and impact; and prioritizing risks. Analyzing risks for likelihood and impact; identifying risks; prioritizing risks; and developing a risk response strategy. Identifying risks; analyzing risks for likelihood and impact; prioritizing risks; and developing a risk response strategy.