The statement accurately describes a primary function of the "ANALYZE" element within the OCEG GRC Capability Model's LEARN component. The purpose of analysis in this context is to move beyond simple identification of factors (opportunities, obstacles, obligations) to understanding their potential magnitude. This quantification of size and impact is essential for prioritizing risks, evaluating opportunities, and making informed decisions about resource allocation and strategic alignment.

The alternative, "False," is incorrect because the OCEG GRC Capability Model explicitly defines this quantitative and qualitative assessment as a core activity of the analysis process. Stating the claim is false would contradict the foundational definition provided in the official OCEG framework.

1. OCEG. (2021). GRC Capability Model (The Red Book), Version 3.5. OpenCompliance & Ethics Group. In the section "Component 1: LEARN," the text for "Element 2: ANALYZE Context, Risks, and Opportunities" states, "Analysis quantifies the relative size and impact of the effects of opportunities, obstacles, and obligations." (p. 38).