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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

1. The process of __________ ensures that all modifications to the risk management workflow are correctly implemented and effective.
Response:

A) Third-party Risk Issue Configuration
B) Third-party Vendor Evaluation
C) Approval and Workflow Process Changes
D) Third-party Risk Task Configuration

2. What should be the primary focus when implementing changes to the workflow process in third-party risk management?
Response:

A) Allowing each department to independently manage its own changes
B) Reducing the number of stakeholders involved to speed up the process
C) Ensuring that all changes are documented and communicated to relevant parties
D) Prioritizing cost reduction over process effectiveness

3. Which of the following best describes the term "Fourth-party risk" in TPRM?
Response:

A) The risk associated with international third parties
B) Risks posed by the third party,s own suppliers and partners
C) Financial risks arising from contractual penalties
D) Direct risks faced by the organization from primary suppliers

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

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

5. Third-party Risk Task Configuration involves:
Response:

A) Specifying actions to be taken for risk assessment, monitoring, and mitigation
B) Assigning all risk-related tasks to third-party vendors
C) Defining tasks that are unrelated to third-party risk management
D) Setting up tasks for daily operational activities only

Solutions: