What assessment types are included in the Advanced Risk application? (Select three)

In the context of the Advanced Risk application within ServiceNow, the focus on assessment types is essential for understanding how risks are identified and managed. The correct choices should encompass a range of assessments that a risk management framework typically employs.

Inherent Assessment, which is one of the assessments included in the Advanced Risk application, helps organizations evaluate the level of risk present in the absence of any controls. This type of assessment is crucial as it provides a baseline understanding of risk exposure, enabling organizations to identify what potential risks exist before considering how they might be mitigated.

Additionally, Control Assessment examines the effectiveness of existing controls designed to mitigate risks. This assessment assesses whether current control measures are adequate and functioning as intended, which is vital for understanding the control environment and making informed decisions regarding risk management.

Residual Assessment evaluates the remaining risk after controls have been applied. This type of assessment is important for organizations to know what vulnerabilities still exist post-mitigation efforts and to ensure that they have a clear view of the risks they continue to face.

Together, these assessments provide a thorough understanding of risk from inherent to mitigated levels, allowing organizations to make informed strategic decisions regarding governance, risk, and compliance (GRC).