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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

1. What is the advantage of tailoring assessment questions to the specific services provided by a third party?
Response:

A) It ensures that all third parties are treated identically
B) It simplifies the risk management process by standardizing questions across all assessments
C) It reduces the frequency of required assessments
D) It allows for a more accurate assessment of the risks associated with the specific third-party engagement

2. What is the significance of "Risk Scoring" in ServiceNow Third-Party Risk Management?
Response:

A) It prioritizes risks based on their potential impact and likelihood.
B) It scores the popularity of third parties among employees.
C) It is a decorative feature without practical use.
D) It is used to determine the budget allocation for social events.

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

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

4. What critical factor should be considered when assigning tiers in Third-party Tiering Configuration?
Response:

A) The financial stability of the third party
B) The location of the third party
C) The strategic importance to the business
D) The duration of the contract

5. Effective Third-party Tiering Configuration helps in:
(Choose two)
Response:

A) Prioritizing audit schedules based on the tier
B) Allocating resources more efficiently for risk assessment and monitoring
C) Reducing the time required for onboarding new third parties
D) Decreasing overall operational costs

Solutions: