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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

1. What is the main advantage of integrating Third-Party Risk Management with other ServiceNow applications through the portal?
Response:

A) It automates the process of third-party onboarding
B) It reduces the need for external audits
C) It provides a unified platform for managing all aspects of risk, compliance, and vendor relationships
D) It simplifies user access by consolidating login credentials

2. Continuous monitoring in TPRM should include:
Response:

A) Periodic risk assessments only
B) Sole focus on the third-party's technological infrastructure
C) Monitoring of the third party's financial stability, operational performance, and compliance with SLAs
D) Exclusive reliance on annual audits

3. How can dashboards be customized in the ServiceNow GRC module for third-party risk management?
Response:

A) By adding non-relevant data sources to increase information density.
B) By integrating social media feeds.
C) By changing the color scheme of the interface.
D) By selecting and organizing specific metrics relevant to the organization,s risk management goals.

4. Why is it important to configure issues with priority levels in third-party risk management?
Response:

A) To minimize the visibility of less critical issues
B) To enable resources to be focused on resolving the most critical issues first
C) To allow third-party vendors to determine issue severity
D) To ensure all issues are treated equally regardless of impact

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

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

Solutions: