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

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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 objective of Third-Party Risk Management?
Response:

A) To increase third-party dependencies
B) To identify, assess, and mitigate risks associated with third parties
C) To improve third-party service delivery times
D) To minimize the cost of third-party services

2. In the context of Contact Configuration, what is the impact of poorly defined roles?
Response:

A) Improved scalability and flexibility in managing contacts
B) Increased efficiency in communication and problem resolution
C) Enhanced security and data protection for both parties
D) Decreased clarity and potential delays in addressing issues

3. In Third-party Risk Assessment Calculations, which of the following factors are typically considered?
(Choose two)
Response:

A) The color of the third party,s logo.
B) The financial stability of the third party.
C) The geographical location of the third party.
D) The third party,s adherence to relevant industry standards.

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

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

5. In the context of Third-party Risk Management, what role do technical assessments play?
Response:

A) They ensure that the third party is able to meet the organization,s performance requirements.
B) They provide insights into the third party,s market position.
C) They help evaluate the third party,s compliance with IT security standards and protocols.
D) They are used to determine the third party,s pricing strategy.

Solutions: