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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

1. Why is it important to configure issues with priority levels in third-party risk management?
Response:

A) To allow third-party vendors to determine issue severity
B) To ensure all issues are treated equally regardless of impact
C) To enable resources to be focused on resolving the most critical issues first
D) To minimize the visibility of less critical issues

2. What is a critical aspect of Third-party Risk Assessment Configuration for ensuring effectiveness?
Response:

A) Including a wide range of stakeholders in the assessment process.
B) Setting up the assessment to automatically adjust risk thresholds based on industry trends.
C) Prioritizing third parties based on the volume of transactions.
D) Configuring the assessment tool to accept only positive feedback about third parties.

3. What type of risk is primarily concerned with third-party vendors'' compliance with laws and regulations?
Response:

A) Operational Risk
B) Financial Risk
C) Strategic Risk
D) Compliance Risk

4. Tiering third parties based on risk and criticality aids in:
Response:

A) Reducing the number of third-party vendors
B) Simplifying contract negotiations
C) Focusing risk management efforts where they are most needed
D) Eliminating the need for security scoring

5. What feature is most important in a Third-party Assessment Portal?
Response:

A) The ability to display advertisements from third parties
B) Limiting access to third-party portals exclusively to senior management
C) Providing a platform for submitting and tracking risk assessments
D) Offering entertainment and leisure content for third-party users

Solutions: