Drag a concept onto its matching description — or click a concept then click the description.
Find and list potential risks
Determine likelihood and impact
Compare risk levels to risk criteria
Select and implement controls
Match each risk management process step to its activity.
Drag a concept onto its matching description — or click a concept then click the description.
Find and list potential risks
Determine likelihood and impact
Compare risk levels to risk criteria
Select and implement controls
Answer choices
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
Risk Identification: The process of finding, recognizing, and documenting risks.
The risk management process steps are distinct: Risk Identification finds risks, Risk Assessment evaluates them, and Risk Response addresses them. Common confusions involve swapping these definitions.
Answer analysis
For each option: why learners choose it and why it is or isn't the right answer here.
Risk Identification: The process of finding, recognizing, and documenting risks.
Why this is correct
Risk Identification is the step where risks are identified and documented.
Risk Assessment: The process of determining the probability and impact of identified risks.
Why this is correct
Risk Assessment involves evaluating the likelihood and potential impact of risks.
Risk Response: The process of developing and implementing strategies to address risks.
Why this is correct
Risk Response includes actions to mitigate, transfer, avoid, or accept risks.
Risk Identification: The process of determining the probability and impact of identified risks.
Why it's wrong here
Incorrect — this describes Risk Assessment, not Risk Identification.
Risk Assessment: The process of finding, recognizing, and documenting risks.
Why it's wrong here
Incorrect — this describes Risk Identification, not Risk Assessment.
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Last reviewed: Jun 11, 2026
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.
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