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CRISC Practice Question: Which THREE of the following are essential…
Which THREE of the following are essential components of a risk register that should be documented during risk identification? (Select exactly 3.)
⚠ Common exam trap
Many candidates confuse the risk identification phase with the risk assessment phase, selecting 'Quantified monetary impact' because they think it is needed upfront, when in fact it is only determined after the risk has been identified and analyzed.
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 owner
The risk register is a foundational artifact in IT risk management, and during the identification phase, its essential components are the risk description (to uniquely identify the risk), the risk owner (to assign accountability), and the root cause (to understand the underlying source). These three elements are documented before any quantitative analysis or mitigation planning occurs, as they form the basis for subsequent risk assessment and response.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Quantified monetary impact
Why it's wrong here
Impact quantification occurs during risk analysis, not identification.
- ✓
Risk owner
Why this is correct
Assigning an owner ensures accountability for managing the risk.
- ✓
Root cause
Why this is correct
Understanding root cause helps in risk analysis and treatment.
- ✗
Mitigation plan
Why it's wrong here
Mitigation plans are developed during risk response.
- ✓
Risk description
Why this is correct
A clear description is fundamental to identify the risk.
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JA
Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
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