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IT Risk IdentificationmediumMultiple ChoiceObjective-mapped

CRISC IT Risk Identification Practice Question

During the risk identification process, an IT risk universe is defined. Which of the following BEST describes the purpose of an IT risk universe?

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

A comprehensive inventory of all potential IT risks facing the organization

The IT risk universe is a comprehensive inventory of all potential IT risks that could affect the organization, serving as the foundation for further risk assessment and treatment.

Answer analysis

Option-by-option breakdown

For each option: why learners choose it and why it is or isn't the right answer here.

  • A list of all known vulnerabilities in the organization's IT systems

    Why it's wrong here

    This is too narrow; vulnerabilities are part of the risk universe but not its entirety.

  • A database of past security incidents and their root causes

    Why it's wrong here

    Historical incidents may inform the risk universe, but the universe is forward-looking.

  • A framework for categorizing risks into strategic, operational, financial, and compliance

    Why it's wrong here

    Categorization is a separate step that uses the risk universe as input.

  • A comprehensive inventory of all potential IT risks facing the organization

    Why this is correct

    Correct. The IT risk universe includes all potential risks, covering threats, vulnerabilities, and impacts.

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JA

Written by Johnson Ajibi, MSc IT Security

Senior Network & Security Engineer · founder of Courseiva

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