Final answer:
The proactive process designed to reduce the probability of negative consequences associated with project risks is known as preventive actions.
Step-by-step explanation:
The question regards a proactive process used to reduce the probability of negative consequences associated with project risks. Among the options listed, the one that specifically pertains to a proactive approach is preventive actions (option b). Preventive actions are steps taken to eliminate the possibility of a risk event occurring or to mitigate its impact should it occur.
Performance reports (option a) are reflective and provide information on the progress of the project. Defect repairs (option c) are reactive, addressing problems after they have manifested. Corrective actions (option d), while they can be part of a risk response strategy, are typically reactive measures taken to bring a project back on track after a risk has occurred.