This CRISC practice question tests your understanding of risk response and mitigation. Read the scenario carefully and evaluate each option against the stated constraints before committing to an answer. After answering, compare your reasoning against the explanation and wrong-answer breakdown below. Once you have made your selection, read the full explanation to reinforce the concept and understand why each distractor is designed to mislead on exam day.
Which THREE of the following are key components of an effective risk treatment plan?
Assigned responsibilities
Clear ownership ensures accountability.
Risk acceptance criteria
Defines what residual risk is acceptable.
A timeline for implementation
Deadlines drive action.
The risk owner's signature
Why wrong: Signature is not a core component; approval is often documented elsewhere.
A detailed budget
Why wrong: Budget may be separate; the plan focuses on actions.
Answer choices
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
Assigned responsibilities
Assigned responsibilities are a key component of an effective risk treatment plan because they ensure accountability for implementing specific risk mitigation actions. Without clear ownership, tasks may be delayed or overlooked, undermining the plan's execution. This aligns with the CRISC framework's emphasis on defining roles to operationalize risk response.
Key principle: Answer the scenario, not the keyword: identify the specific constraint before choosing the most familiar-sounding option.
Answer analysis
For each option: why learners choose it and why it is or isn't the right answer here.
Assigned responsibilities
Why this is correct
Clear ownership ensures accountability.
Related concept
Read the scenario before looking for a memorised answer.
Risk acceptance criteria
Why this is correct
Defines what residual risk is acceptable.
Related concept
Read the scenario before looking for a memorised answer.
A timeline for implementation
Why this is correct
Deadlines drive action.
Related concept
Read the scenario before looking for a memorised answer.
The risk owner's signature
Why it's wrong here
Signature is not a core component; approval is often documented elsewhere.
A detailed budget
Why it's wrong here
Budget may be separate; the plan focuses on actions.
Common exam traps
The trap here is that candidates confuse supporting artifacts (like budgets or signatures) with the core structural components of the plan, which are defined by ISACA as responsibilities, timelines, and acceptance criteria.
Detailed technical explanation
An effective risk treatment plan operationalizes the selected risk response (e.g., mitigate, transfer, accept) by mapping each action to a responsible party and a deadline, as per ISACA's Risk IT framework. For example, in a real-world scenario, a plan to patch a critical vulnerability must assign the system administrator, set a 30-day timeline, and define acceptance criteria (e.g., residual risk below threshold) to close the risk. The plan is a living document that drives execution, not a static approval artifact.
Key takeaway
Answer the scenario, not the keyword: identify the specific constraint before choosing the most familiar-sounding option.
Real-world example
A small business has 20 workstations on the 192.168.1.0/24 network and one public IP from its ISP. The router uses PAT (NAT overload) so all 20 devices share one public address using different source ports. NAT questions test whether you understand the four address terms and which direction each translation applies.
What to study next
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FAQ
Risk Response and Mitigation — This question tests Risk Response and Mitigation — Read the scenario before looking for a memorised answer..
The correct answer is: Assigned responsibilities — Assigned responsibilities are a key component of an effective risk treatment plan because they ensure accountability for implementing specific risk mitigation actions. Without clear ownership, tasks may be delayed or overlooked, undermining the plan's execution. This aligns with the CRISC framework's emphasis on defining roles to operationalize risk response.
Identify which exam domain this question belongs to, review the core concept, then practise similar questions from the same domain.
Read the scenario before looking for a memorised answer.
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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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