ITIL 4 Foundation Practice Exam

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Which of the following are types of risks mentioned in ITIL?

Risks removed and risks assumed
Risks mitigated and risks incurred
Risks avoided and risks imposed
Risks removed and risks imposed

The correct answer is: Risks removed and risks imposed

In the context of ITIL, risks are categorized to help organizations understand and manage them effectively. The correct combination mentioned relates to the types of risks that ITIL identifies. Risks removed refers to those risks that have been eliminated, often through actions that prevent the risk from occurring. Risks imposed refers to risks that are accepted as a part of business activities, typically within a controlled environment where certain uncertainties exist but are manageable. Understanding these two categories is crucial for organizations aiming to improve their risk management capabilities. By recognizing which risks can be removed through effective strategies and which are imposed as part of operational realities, businesses can create more resilient processes and frameworks. The other combinations listed do not align with the definitions and classifications typically found within ITIL literature. They either use incorrect terminologies or blend categories that do not reflect ITIL's recognized approaches to risk management. This clear distinction in the types of risks helps organizations to develop a more nuanced risk management strategy.