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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

1. What is the primary objective of the Third-party Portal Configuration in ServiceNow?
Response:

A) To store third-party compliance documents
B) To track the financial transactions of third parties
C) To streamline third-party onboarding processes
D) To enable efficient interaction and communication between the organization and its third parties

2. Which factor is critical when defining the criteria for third-party risk assessments during the assessment configuration process?
Response:

A) The geographical location of the organization
B) The color scheme used in assessment reports
C) The preferred communication channel of the third party
D) The specific risks associated with the services provided by the third party

3. Which stages are involved in the Third-party Risk Assessment Lifecycle?
(Choose two)
Response:

A) Continuous monitoring and reassessment.
B) Initial due diligence and information gathering.
C) Final payment and contract termination.
D) Annual performance review of the third party.

4. What is a significant advantage of using dashboards in the Third-party Risk Management process?
Response:

A) They serve as a platform for third-party communication.
B) They increase the workload of risk management teams.
C) They eliminate the need for regular risk assessments.
D) They enhance the organization,s ability to monitor and respond to third-party risks promptly.

5. In Third-party Risk Assessment Calculations, which of the following factors are typically considered?
(Choose two)
Response:

A) The financial stability of the third party.
B) The third party,s adherence to relevant industry standards.
C) The geographical location of the third party.
D) The color of the third party,s logo.

Solutions: