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

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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

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

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

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

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

3. Which method is recommended for managing third-party contacts to ensure streamlined communication?
Response:

A) Assigning roles based on geographic proximity
B) Rotating contact roles periodically
C) Allowing third parties to self-manage contacts
D) Using a centralized contact management system

4. How does ServiceNow enable continuous monitoring of third-party risks?
Response:

A) By sending weekly emails to third parties asking if anything has changed
B) Through the integration of real-time data feeds and automated workflows
C) Using a physical bulletin board updated monthly
D) By requiring manual checks on a daily basis

5. What is the most significant benefit of categorizing third parties based on the services they provide during the Third-party Portfolio Configuration process?
Response:

A) Improvement in financial forecasting
B) Simplification of contract negotiations
C) Standardization of service levels
D) Efficient allocation of risk management resources

Solutions: