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| Section | Weight | Objectives |
|---|---|---|
| Questionnaire Management | 20% | - Assign questionnaires to third parties - Create and manage questionnaires - Build questionnaires using sections and questions - Configure questionnaire workflows |
| Risk Assessment and Scoring | 20% | - Implement inherent and residual risk scoring - Configure risk calculation models - Automate risk scoring workflows - Define risk thresholds and matrices |
| Third-party Management | 20% | - Configure SLA requirements - Implement third-party lifecycle management - Track third-party relationships and tiers - Manage third-party registry |
| Remediation and Monitoring | 15% | - Create and track remediation tasks - Generate risk dashboards and reports - Configure monitoring workflows - Implement due diligence processes |
| Application Configuration | 25% | - Configure questionnaire templates - Configure risk assessment templates - Configure TPRM foundational elements - Configure third-party types and categories |
What role does automation play in the generation of third-party risk assessments?
Response:
Correct Answer: B 🗳️
When configuring a Third-party Assessment Portal, which feature is essential for ensuring accountability and traceability?
Response:
Correct Answer: C 🗳️
Which feature should be prioritized in the design of a Third-party Assessment Portal to ensure user accountability?
Response:
Correct Answer: B 🗳️
What is a key benefit of integrating real-time data feeds into the Third-party Assessment Portal?
Response:
Correct Answer: B 🗳️
How can workflow automation impact the approval process in third-party risk management?
Response:
Correct Answer: C 🗳️
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