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CRISC Practice Question: Which THREE of the following are key indicators…
Which THREE of the following are key indicators that a risk identification process is effective? (Choose three.)
⚠ Common exam trap
It's easy for candidates to confuse project management metrics (like budget or schedule) with risk management effectiveness indicators, leading them to select 'completed within budget' instead of recognizing that coverage, stakeholder input, and timeliness are the true measures of a robust risk identification process.
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
✓
The process covers all critical business processes
An effective risk identification process must cover all critical business processes to ensure that risks are identified across the entire value chain. Without this coverage, significant risks in core operations could be missed, leading to incomplete risk assessments and potential business disruptions. This aligns with the CRISC focus on aligning IT risk management with business objectives.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
The process identifies all known vulnerabilities
Why it's wrong here
Vulnerabilities are only part of risk; not comprehensive.
- ✓
The process covers all critical business processes
Why this is correct
Ensures comprehensive risk identification.
- ✓
The process involves input from key stakeholders across the organization
Why this is correct
Broad input improves accuracy and buy-in.
- ✓
The process is repeated at regular intervals or triggered by significant changes
Why this is correct
Timely updates ensure risks are current.
- ✗
The process is completed within budget
Why it's wrong here
Budget adherence is about efficiency, not effectiveness.
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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.