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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

1. How can the design of a Third-party Assessment Portal contribute to improving risk management efficiency?
Response:

A) By limiting the portal's functionality to only high-level risk assessments
B) By providing an intuitive interface that facilitates quick and accurate risk assessments
C) By centralizing all third-party data in a single location
D) By incorporating multiple branding elements for each third party

2. In the context of Third-party Risk Assessment Calculations, how should dynamic changes in the external environment be handled?
Response:

A) Ignored, to maintain consistency in the assessment criteria.
B) Noted but only considered during annual review cycles.
C) Integrated into risk calculations to reflect current risk exposures.
D) Handled separately by a different department unrelated to third-party risk management.

3. What does Core Configuration typically involve in Third-Party Risk Management systems?
Response:

A) Customizing report templates
B) Setting user permissions and roles
C) All of the above
D) Defining risk assessment methodologies

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

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

5. Third-party Risk Issues are considered inactive when they enter this state:
Response:

A) Submitted to Third Party
B) Finalize with Third Party
C) Closed
D) Review

Solutions: