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ServiceNow CIS-TPRM Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Configuration and Implementation | - Assessment setup
|
| Topic 2: Third-party Risk Management Fundamentals | - TPRM concepts and lifecycle
|
| Topic 3: Risk Assessment and Management | - Risk scoring and evaluation
|
| Topic 4: Reporting and Governance | - Audit and compliance
|
| Topic 5: Integration and Automation | - Platform integration
|
ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions:
What is the purpose of continuous monitoring in the Third-party Risk Management process?
Response:
- A. To maintain an archive of third-party communication logs
- B. To periodically review and update the contract with the third party
- C. To ensure the third party is paid on time
- D. To identify and address emerging risks throughout the third-party relationship
Correct Answer: D 🗳️
What is the impact of real-time issue tracking in third-party risk management?
Response:
- A. It is unnecessary for low-risk vendors
- B. It creates additional administrative burden
- C. It slows down the resolution process
- D. It allows for immediate action on emerging risks
Correct Answer: A 🗳️
What advantage does the integration of ServiceNow GRC with Vendor Risk Management offer when assessing third-party risks?
Response:
- A. It provides a streamlined process for assessing vendor risks within the broader context of organizational risk management
- B. It delays the risk assessment process
- C. It segregates third-party risks from other organizational risks
- D. It increases the complexity of risk assessments
Correct Answer: A 🗳️
Why is it important to configure issues with priority levels in third-party risk management?
Response:
- A. To allow third-party vendors to determine issue severity
- B. To ensure all issues are treated equally regardless of impact
- C. To minimize the visibility of less critical issues
- D. To enable resources to be focused on resolving the most critical issues first
Correct Answer: D 🗳️
What is a key consideration when developing a Third-party Tiering Configuration strategy?
Response:
- A. Incorporating both qualitative and quantitative risk indicators
- B. Prioritizing short-term contracts
- C. The ability to downgrade vendors automatically based on performance
- D. Relying on third-party self-assessments only
Correct Answer: A 🗳️
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