Seth wants to get an approximate picture of the likelihood of the risks that were...

Seth wants to get an approximate picture of the likelihood of the risks that were identified by his organization. After getting a high-level understanding of their probability, he could dedicate his resources to risk mitigation according to the priorities since he was a bit under-staffed. He was told that out of the identified risks, the occurrence of an earthquake was highly unlikely owing to the geography of their location. Furthermore, he learned that the chances of a fire breaking out in his building were high and his facility also faced a risk of physical intrusion but that was partly under control owing to the physical guards. What kind of risk assessment is Seth essentially conducting?