CISM Information Security Risk Management Practice Question
Which THREE of the following are essential components of an information security risk management framework?
⚠ Common exam trap
Many candidates confuse operational security processes (like incident response) or compliance activities (like auditing) with the core risk management framework components, which are strictly risk identification, risk assessment, and risk treatment as defined by ISACA.
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Risk identification
Risk identification is a core component of an information security risk management framework because it systematically catalogs assets, threats, and vulnerabilities that could affect the organization. Without identifying risks, subsequent steps like assessment and treatment cannot be performed. This aligns with the ISACA framework's emphasis on risk identification as the foundational step in the risk management lifecycle.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Incident response planning
Why it's wrong here
Part of security operations.
- ✓
Risk identification
Why this is correct
First step in risk management.
- ✗
Compliance auditing
Why it's wrong here
Assurance activity, not core component.
- ✓
Risk assessment
Why this is correct
Involvs analyzing risks.
- ✓
Risk treatment
Why this is correct
Selecting controls to mitigate risk.
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JA
Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
This CISM practice question is part of Courseiva's free ISACA certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the CISM exam.