Master the 2026 CRISC Challenge – Grab Your Risk Control Superpowers!

The answer is correct because the methodologies listed—NIST, FAIR, OCTAVE, and ISO 31000—are widely recognized frameworks designed specifically for risk assessment and management across various sectors.

NIST (National Institute of Standards and Technology) provides a comprehensive framework that helps organizations understand and manage cybersecurity risks. It includes guidelines and best practices for assessing risks and implementing controls.

FAIR (Factor Analysis of Information Risk) focuses on quantifying risk in financial terms, allowing organizations to make informed decisions about risk management based on potential economic impacts.

OCTAVE (Operationally Critical Threat, Asset, and Vulnerability Evaluation) is a risk assessment methodology developed by Carnegie Mellon University that emphasizes self-directed teams to assess their information security risks.

ISO 31000 is an international standard that provides principles and guidelines for risk management, applicable to any organization regardless of size, industry, or sector.

These methodologies are all integral to effectively assessing and mitigating risks in information systems and broader organizational contexts, making them key tools for professionals working in risk management. On the other hand, the methodologies listed in the other options focus on different aspects such as strategic planning (SWOT, PESTLE, BCG Matrix) or process improvement (Lean, Six Sigma, Agile), which