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

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

1. Which of the following is a crucial aspect of Third-party Tiering Configuration?
Response:

A) Organizing third parties based on the length of the contract
B) Categorizing third parties according to risk level and criticality to the business
C) Dividing third parties into groups based on their industry
D) Assigning third parties to tiers based on their billing cycles

2. What is a common challenge when conducting technical assessments as part of Third-party Risk Management?
Response:

A) Ensuring the assessment is completed within the organization,s budget
B) Aligning the assessment with the organization,s marketing strategy
C) Accessing accurate and up-to-date information from the third party
D) Determining the legal framework applicable to the assessment

3. In Third-party Contacts Configuration, what is the primary goal?
Response:

A) To configure automated email responses
B) To track the geographical location of third-party contacts
C) To determine the hierarchy of third-party organizations
D) To establish points of contact for risk management communication

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

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

5. What is a key activity involved in managing the third-party risk assessment lifecycle?
Response:

A) Ensuring the assessment process is performed once during the onboarding phase
B) Continuously updating assessment criteria based on changes in the external environment
C) Avoiding reassessment to maintain consistent risk levels
D) Limiting assessments to only the initial due diligence phase

Solutions: