ServiceNow CIS-TPRM : Certified Implementation Specialist - Third-party Risk Management

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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

1. What is the significance of "Risk Scoring" in ServiceNow Third-Party Risk Management?
Response:

A) It is used to determine the budget allocation for social events.
B) It scores the popularity of third parties among employees.
C) It prioritizes risks based on their potential impact and likelihood.
D) It is a decorative feature without practical use.

2. What benefit does the ServiceNow GRC module offer in terms of regulatory change management?
Response:

A) It provides a platform for storing hard copies of regulatory documents
B) It automatically changes the organization,s policies to comply with new regulations
C) It decorates the user interface according to the new regulations
D) It helps in tracking and adapting to regulatory changes efficiently

3. How does categorizing third parties by their criticality in Third-party Portfolio Configuration affect resource allocation?
Response:

A) It reduces the overall risk profile of the organization
B) It ensures that high-criticality vendors receive more focused risk assessments
C) It standardizes service levels across all vendors
D) It simplifies budgeting processes

4. Effective Third-party Tiering Configuration helps in:
(Choose two)
Response:

A) Allocating resources more efficiently for risk assessment and monitoring
B) Decreasing overall operational costs
C) Reducing the time required for onboarding new third parties
D) Prioritizing audit schedules based on the tier

5. Which feature in ServiceNow GRC is crucial for ensuring continuous compliance monitoring of third-party risks?
Response:

A) Automated workflows and real-time data feeds
B) Manual data entry
C) Static risk reports
D) Annual risk assessment schedules

Solutions: