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

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

1. Effective Third-party Tiering Configuration helps in:
(Choose two)
Response:

A) Allocating resources more efficiently for risk assessment and monitoring
B) Reducing the time required for onboarding new third parties
C) Decreasing overall operational costs
D) Prioritizing audit schedules based on the tier

2. Why is it important to update Third-party Portfolio Configuration regularly?
Response:

A) To meet compliance requirements
B) To reflect changes in the organizational hierarchy
C) To reduce the number of third parties involved
D) To account for shifts in third-party risk profiles

3. What is the primary objective of implementing technical controls during the Third-party Risk Management process?
Response:

A) To reduce the costs associated with third-party services
B) To improve the third party,s operational efficiency
C) To enhance the third party,s customer satisfaction levels
D) To ensure that the third party meets the organization,s security and compliance requirements

4. Which fields are included on the Third-party Contact form?
(Select two)
Response:

A) Risk rating
B) Rank tier
C) Primary Contact
D) Email

5. Which of the following elements are typically considered in third-party risk assessment calculations?
(Choose two)
Response:

A) The personal preferences of the third party,s CEO
B) The third party,s historical compliance with industry standards
C) The color of the third party,s logo
D) The financial stability of the third party

Solutions: