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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

1. What is the primary driver for implementing Third-party Risk Management in an organization?
Response:

A) To reduce the cost of outsourcing services
B) To comply with regulatory requirements and protect the organization from third-party risks
C) To enhance marketing efforts
D) To improve the organization's public image

2. What is a common challenge when conducting technical assessments as part of Third-party Risk Management?
Response:

A) Determining the legal framework applicable to the assessment
B) Accessing accurate and up-to-date information from the third party
C) Aligning the assessment with the organization,s marketing strategy
D) Ensuring the assessment is completed within the organization,s budget

3. Which key component should be prioritized during the initial setup of Third-party Portfolio Configuration to ensure a comprehensive risk assessment?
Response:

A) Contract lengths
B) Service categories
C) Financial transactions
D) Risk and criticality tiers

4. What is an essential factor in managing the Third-party Risk Assessment Lifecycle effectively?
Response:

A) Focusing exclusively on initial due diligence at the start of the relationship.
B) Ensuring there is a mechanism for integrating changes in third-party relationships.
C) Avoiding any reassessment to maintain a stable risk profile.
D) Limiting the scope of assessments to cyber security risks only.

5. In what way do dashboards contribute to regulatory compliance within third-party risk management?
Response:

A) By enhancing the aesthetic appeal of compliance reports.
B) By restricting user access to certain data.
C) By providing visual evidence of compliance activities and outcomes.
D) By automatically filing compliance documents.

Solutions: