CRISC IT Risk Identification Practice Question
A risk practitioner is updating the risk register and needs to categorize risks. Which TWO of the following are standard risk categories used in IT risk management?
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
✓
Strategic
Strategic and operational are standard risk categories. Financial and reputational are also common, but the question asks for the two that are standard in IT risk management frameworks. Both strategic and operational are universally recognized.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Budgetary
Why it's wrong here
Budgetary is not a standard risk category; it is a subset of financial.
- ✓
Strategic
Why this is correct
Strategic risks, such as those arising from shifts in market demand or regulatory changes, are a standard IT risk category because they directly threaten the organisation’s long-term objectives and business model. In the stem, the practitioner must categorise risks in the risk register; strategic risks satisfy this requirement by representing a distinct, high-level category separate from operational, compliance, or financial risks.
- ✗
Technical
Why it's wrong here
Technical is not a standard high-level category; it falls under operational.
- ✗
Environmental
Why it's wrong here
Environmental is not typically a separate IT risk category.
- ✓
Operational
Why this is correct
Operational risk includes failures in processes, people, and systems.
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JA
Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
This CRISC 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 CRISC exam.