Which of the following are common risk assessment methodologies?

The correct choice identifies NIST, OCTAVE, and FAIR as common risk assessment methodologies. Each of these frameworks is specifically designed to help organizations assess, manage, and mitigate risks in a structured approach.

NIST (National Institute of Standards and Technology) provides a comprehensive framework for risk management in information systems, emphasizing the importance of identifying, assessing, and responding to a wide variety of risks. It includes detailed guidelines that assist organizations in developing a robust cybersecurity posture.

OCTAVE (Operationally Critical Threat, Asset, and Vulnerability Evaluation) is another well-regarded methodology that focuses on evaluating risks in relation to an organization's critical assets. This approach prioritizes the evaluation of security risks based on the unique operational environment of the organization, allowing for tailored risk management strategies.

FAIR (Factor Analysis of Information Risk) is a quantitative risk assessment model that enables organizations to analyze risk in financial terms and make informed decisions based on the potential impact of identified threats and vulnerabilities. This model is particularly useful for organizations seeking to present risk assessments to non-technical stakeholders in a manner that resonates with business priorities.

The other choices consist of methodologies and frameworks that, while relevant to various organizational functions, do not specifically focus on risk assessment in the same manner. PMP (Project