ServiceNow Certified Implementation Specialist - Third-party Risk Management : CIS-TPRM Exam

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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

1. Third-party Risk Assessment Generation involves:
Response:

A) Sole reliance on third-party self-assessments.
B) Generation of assessments annually, regardless of the risk profile.
C) Random selection of third parties for assessment.
D) Automated generation of assessments based on predefined triggers and schedules.

2. Why is it important to periodically review and update task configurations in third-party risk management?
Response:

A) To reduce the number of tasks over time
B) To align tasks with outdated risk management strategies
C) To ensure that task configurations reflect the current risk environment and organizational priorities
D) To prevent employees from becoming too familiar with their tasks

3. What is the significance of "Risk Scoring" in ServiceNow Third-Party Risk Management?
Response:

A) It is a decorative feature without practical use.
B) It scores the popularity of third parties among employees.
C) It is used to determine the budget allocation for social events.
D) It prioritizes risks based on their potential impact and likelihood.

4. What is the impact of real-time issue tracking in third-party risk management?
Response:

A) It is unnecessary for low-risk vendors
B) It creates additional administrative burden
C) It allows for immediate action on emerging risks
D) It slows down the resolution process

5. 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 create templates for social media postings
D) To standardize email signatures across the organization

Solutions: