ServiceNow CIS-TPRM Value Pack (Frequently Bought Together)

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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

1. Which of the following is an essential component of the technical assessment process in Third-party Risk Management?
Response:

A) Negotiating contract terms based on technical findings
B) Evaluating the third party,s IT infrastructure and data protection measures
C) Assessing the third party,s marketing effectiveness
D) Reviewing the third party,s legal history

2. In ServiceNow, what is the purpose of the "Control Objective" within the GRC module?
Response:

A) To specify the intended outcome of implementing a control
B) To control the objectives of the organization,s annual retreat
C) To define the aesthetic objectives for the user interface
D) To limit user access to confidential documents

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

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

4. How does effective Third-party Portal Configuration impact the overall risk management process?
Response:

A) Through the automation of risk assessment processes, improving efficiency and accuracy
B) By significantly increasing the time required to manage third-party risks
C) By making the risk management process completely hands-off for the organization
D) Reducing the importance of direct communication with third parties

5. In designing a Third-party Assessment Portal, why is it important to consider user feedback from third parties?
Response:

A) Because third-party feedback is a legal requirement in all jurisdictions
B) To comply with international regulations on digital interfaces
C) To ensure the portal meets the needs of its users and encourages compliance
D) User feedback is only important if it comes from high-risk third parties

Solutions: