The criticality of the asset is the most important factor to consider when determining its value during the risk identification process, because it reflects how essential the asset is for the organization's mission, objectives, and operations. The criticality of the asset can be measured by the potential impact of its loss or compromise on the organization's performance, reputation, compliance, and continuity. The higher the criticality, the higher the value of the asset.
References
*IT Asset Valuation, Risk Assessment and Control Implementation Model - ISACA
*Identifying Assets for IT Risk Analysis - RiskOptics - Reciprocity
*Asset Valuation - Definition, Methods, and Importance

is incorrect. Assets are economic resources that are tangible or intangible, and is
capable of being owned or controlled to produce value.

Explanation/Reference:
Explanation:
There is only one tool and technique available for Fred to plan risk management: planning meetings and analysis. Planning Meeting and Analysis is a tool and technique in the Plan Risk Management process.
Planning meetings are organized by the project teams to develop the risk management plan. Attendees at these meetings include the following:
Project manager

Selected project team members

Stakeholders

Anybody in the organization with the task to manage risk planning

Sophisticated plans for conducting the risk management activities are defined in these meetings, responsibilities related to risk management are assigned, and risk contingency reserve application approaches are established and reviewed.
Incorrect Answers:
A, B, D: These are not plan risk management tools and techniques.

The most important information to review from the acquired company to facilitate the task of updating the organization's IT risk profile is the risk assessment and risk register. The risk assessment is a process of identifying, analyzing, and evaluating the IT risks of the acquired company. The risk register is a document that records the details of the IT risks, such as their sources, causes, consequences, likelihood, impact, and responses. By reviewing the risk assessment and risk register, the risk practitioner can gain a comprehensive and accurate understanding of the IT risk profile of the acquired company, and integrate it with the IT risk profile of the acquiring organization. Internal and external audit reports, risk disclosures in financial statements, and business objectives and strategies are other possible sources of information, but they are not as important as the risk assessment and risk register. References = ISACA Certified in Risk and Information Systems Control (CRISC) Certification Exam Question and Answers, question 11; CRISC Review Manual,
6th Edition, page 144.

The most important factor for sustainable development of secure IT services is security training for systems development staff. Security training helps to ensure that the staff members are aware of the security risks, requirements, and best practices that affect the IT services they develop. Security training also helps to improve the security skills and knowledge of the staff members, and to foster a security culture and behavior within the development team. Security training can also help to prevent or reduce security defects, vulnerabilities, or incidents in the IT services, and to enhance the security performance and quality of the IT services. Well-documented business cases, security architecture principles, and secure coding practices are also important factors for sustainable development of secure IT services, but they are not as important as security training for systems development staff. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 5, Section 5.1.1.2, page 2291
1: ISACA Certified in Risk and Information Systems Control (CRISC) Exam Guide, Answer to Question
653.