ServiceNow CIS-TPRM : Certified Implementation Specialist - Third-party Risk Management

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ServiceNow CIS-TPRM Exam Syllabus Topics:

ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions:

1. Third-party Portfolio Configuration primarily aims to:
Response:

A) Implement security measures for data protection
B) Set communication protocols for risk management
C) Organize and categorize third-party vendors based on services provided
D) Determine the financial stability of third parties

2. A comprehensive Third-party Risk Assessment Configuration should include:
Response:

A) Exclusively quantitative risk assessment methods.
B) A balance of qualitative and quantitative risk assessment methods.
C) A fixed set of risk thresholds that do not change over time.
D) Sole reliance on external risk assessment reports.

3. How does the integration of ServiceNow GRC with other ServiceNow applications enhance third-party risk management?
Response:

A) It isolates third-party risk management from other business processes
B) It enables a holistic view of all risks, including those related to third-party vendors, across the organization
C) It creates duplicate records for each application
D) It reduces the overall system functionality

4. How does the use of standardized technical assessment frameworks benefit the Third-party Risk Management process?
Response:

A) It allows for more flexible contract terms with third parties
B) It simplifies the negotiation process with third parties
C) It ensures consistency and comparability in evaluating third-party risks
D) It reduces the need for continuous monitoring of third parties

5. The Third-party Assessment Portal should ideally allow for:
Response:

A) Integration with risk management tools for comprehensive analysis
B) Real-time chatting with third parties without logging assessments
C) Customization according to the third party's branding preferences
D) Submission of assessments by the organization,s employees only

Solutions: