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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

1. What is a significant advantage of using dashboards in the Third-party Risk Management process?
Response:

A) They enhance the organization,s ability to monitor and respond to third-party risks promptly.
B) They increase the workload of risk management teams.
C) They eliminate the need for regular risk assessments.
D) They serve as a platform for third-party communication.

2. In the context of ServiceNow Third-Party Risk Management, what is the role of "Assessment Templates"?
Response:

A) To ensure consistency and completeness in risk assessments
B) To provide a standard format for decorating the office
C) To standardize email signatures across the organization
D) To create templates for social media postings

3. What is a key benefit of integrating real-time data feeds into the Third-party Assessment Portal?
Response:

A) It simplifies the onboarding process for new third parties
B) It enables continuous monitoring of third-party risks with up-to-date information
C) It allows third parties to manage their data independently
D) It reduces the need for manual risk assessments

4. In the context of third-party risk assessment generation, what is the primary benefit of using automated triggers and schedules?
Response:

A) Reducing the need for risk management staff
B) Increasing the complexity of the risk management process
C) Limiting the scope of assessments to high-risk third parties only
D) Ensuring assessments are consistently conducted at relevant intervals

5. Which stages are involved in the Third-party Risk Assessment Lifecycle?
(Choose two)
Response:

A) Annual performance review of the third party.
B) Final payment and contract termination.
C) Continuous monitoring and reassessment.
D) Initial due diligence and information gathering.

Solutions: