ServiceNow CIS-TPRM Exam : 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 a key benefit of integrating real-time data feeds into the Third-party Assessment Portal?
Response:

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

2. Why is it important to conduct due diligence requests before engaging with a new third party?
Response:

A) To establish a close personal relationship with the third-party staff
B) To collect detailed information that helps in identifying potential risks before formal engagement
C) To negotiate lower service fees
D) To reduce the administrative burden of ongoing risk assessments

3. Which feature should be prioritized in the design of a Third-party Assessment Portal to ensure user accountability?
Response:

A) The ability to integrate with third-party social media accounts
B) A customizable user interface with company branding
C) Limiting user access based on seniority levels
D) A comprehensive audit log tracking all user activities within the portal

4. Which of the following is an essential component of the technical assessment process in Third-party Risk Management?
Response:

A) Assessing the third party,s marketing effectiveness
B) Negotiating contract terms based on technical findings
C) Evaluating the third party,s IT infrastructure and data protection measures
D) Reviewing the third party,s legal history

5. What is the primary role of the ServiceNow GRC (Governance, Risk, and Compliance) module in the context of Third-party Risk Management?
Response:

A) To oversee financial transactions of the organization
B) To manage IT service requests
C) To provide a centralized platform for managing compliance, risks, and policies related to third-party vendors
D) To track employee performance metrics

Solutions: