What items are included in a risk assessment?

A risk assessment is a systematic process used to identify and evaluate risks associated with an organization's operations, particularly concerning information security. The correct choice focuses on essential components of a risk assessment, which include identifying critical assets (the resources that need protection), potential threats (any external or internal events that could cause harm), and vulnerabilities (weaknesses that might be exploited by threats). Moreover, conducting a formal documented analysis allows organizations to systematically evaluate these risks and make informed decisions on how to mitigate them.

The other options, while important in different contexts, do not directly pertain to the core elements of a risk assessment. Employee feedback and training logs contribute to understanding employee awareness but are not foundational for assessing risks. Market share analysis and competitor strategies serve business strategy objectives but do not address security assessments. Finally, detailing the IT budget and project timelines relates to project management rather than directly conducting a risk assessment, which focuses more on identifying and analyzing risks rather than budgeting or scheduling.