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In qualitative risk analysis, prioritizing risks is considered a proactive risk management technique because it involves identifying and ranking potential risks based on their likelihood and impact. This prioritization helps organizations focus their efforts and resources on the most critical risks that could affect their objectives, ensuring that they can address these risks before they escalate into more serious issues.

By systematically analyzing and scoring each risk, organizations can allocate resources effectively and implement risk mitigation strategies tailored to the priority level of each risk. This proactive approach supports the overall risk management process by enabling informed decision-making and encouraging timely action to minimize potential damage.

Creating a contingency plan is related to risk management but typically occurs after risks have been identified and prioritized; it prepares an organization to respond if a risk materializes. Performing a qualitative analysis itself is a part of the risk assessment process and does not actively manage risks. Reviewing historical data helps inform risk analysis but does not directly address risks in a proactive manner.