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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

1. What is the primary purpose of Third-party Portal Configuration?
Response:

A) To configure the user interface design only
B) To track the personal information of third-party employees
C) To facilitate efficient interaction between the organization and its third parties
D) To manage the third-party,s financial transactions

2. How does the concept of "risk appetite" relate to Third-Party Risk Management?
Response:

A) It refers to the amount and type of risk an organization is willing to accept in pursuit of its objectives.
B) It dictates the maximum risk level at which a company aims to operate its IT systems.
C) It only applies to financial risks and is used to guide investment decisions.
D) It is a fixed threshold, identical across all industries, guiding the acceptance of third-party risks.

3. The integration between ServiceNow GRC and Third-Party Risk Management modules facilitates what aspect of risk management?
Response:

A) It enables a holistic view of organizational and third-party risks
B) It focuses solely on the aesthetic presentation of risk data
C) It ensures that all users get a daily motivational quote
D) It limits the amount of data that can be analyzed

4. A comprehensive Third-party Risk Assessment Configuration should include:
Response:

A) A balance of qualitative and quantitative risk assessment methods.
B) A fixed set of risk thresholds that do not change over time.
C) Exclusively quantitative risk assessment methods.
D) Sole reliance on external risk assessment reports.

5. Which of the following elements are typically considered in third-party risk assessment calculations?
(Choose two)
Response:

A) The personal preferences of the third party,s CEO
B) The financial stability of the third party
C) The third party,s historical compliance with industry standards
D) The color of the third party,s logo

Solutions: