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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

1. In Third-party Contacts Configuration, what is essential for maintaining effective communication and minimizing risk?
Response:

A) Using a generic contact email address
B) Avoiding direct communication channels
C) Establishing multiple layers of redundancy
D) Limiting contact roles to a single individual

2. The primary purpose of Third-party Contacts Configuration is to:
Response:

A) Ensure seamless payment processes to third parties
B) Monitor the performance metrics of third-party contacts
C) Catalog third-party contacts based on geographical location
D) Facilitate effective communication and escalation paths for risk management

3. What is a significant advantage of using dashboards in the Third-party Risk Management process?
Response:

A) They enhance the organization,s ability to monitor and respond to third-party risks promptly.
B) They serve as a platform for third-party communication.
C) They eliminate the need for regular risk assessments.
D) They increase the workload of risk management teams.

4. 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 only applies to financial risks and is used to guide investment decisions.
C) It dictates the maximum risk level at which a company aims to operate its IT systems.
D) It is a fixed threshold, identical across all industries, guiding the acceptance of third-party risks.

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

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

Solutions: