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

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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

1. How does the use of standardized technical assessment frameworks benefit the Third-party Risk Management process?
Response:

A) It reduces the need for continuous monitoring of third parties
B) It ensures consistency and comparability in evaluating third-party risks
C) It allows for more flexible contract terms with third parties
D) It simplifies the negotiation process with third parties

2. Why is it important to conduct due diligence requests before engaging with a new third party?
Response:

A) To negotiate lower service fees
B) To establish a close personal relationship with the third-party staff
C) To reduce the administrative burden of ongoing risk assessments
D) To collect detailed information that helps in identifying potential risks before formal engagement

3. What is a key consideration when setting up Contact Configuration?
Response:

A) Ensuring all contacts are from the same geographic location
B) Creating an extensive list of contacts for each third party
C) Establishing clear communication protocols and escalation paths
D) Focusing solely on internal contacts within the organization

4. How does the integration of ServiceNow GRC with other ServiceNow applications enhance third-party risk management?
Response:

A) It creates duplicate records for each application
B) It isolates third-party risk management from other business processes
C) It reduces the overall system functionality
D) It enables a holistic view of all risks, including those related to third-party vendors, across the organization

5. What role does user feedback play in the ongoing configuration of a Third-party Assessment Portal?
Response:

A) It ensures the portal evolves to meet user needs and improves compliance rates
B) It eliminates the need for further user training
C) It reduces the frequency of portal updates
D) It helps maintain the portal's original design intent

Solutions: