Test analysis and design is the phase of the test process where test cases and test data are designed and prioritized, based on the test basis and test objectives. Therefore, option C is correct, as it includes tasks I, II, and III. Option A is incorrect, as it includes tasks IV and V, which are part of test implementation and execution phase. Option B is incorrect, as it includes task IV, which is part of test implementation and execution phase. Option D is incorrect, as it does not include task III, which is part of test analysis and design phase.

References: [Certified Tester Foundation Level Syllabus], Section 2.2