ServiceNow CIS-TPRM valid exam dumps : 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 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

2. Risks registered within an organization are captured as which type of record in ServiceNow?
Response:

A) Control Definition
B) Attestation
C) Control Template
D) Risk Statement

3. Which stages are involved in the Third-party Risk Assessment Lifecycle?
(Choose two)
Response:

A) Annual performance review of the third party.
B) Final payment and contract termination.
C) Initial due diligence and information gathering.
D) Continuous monitoring and reassessment.

4. When configuring a Third-party Risk Management system, which of the following is critical for Third-party Portfolio Configuration?
Response:

A) Developing a categorization system that aligns with the organization,s risk management framework
B) Ensuring all third-party services are categorized by cost only
C) Assigning a fixed risk score to each service category
D) Differentiating third parties based on geographic location exclusively

5. How do technical assessments contribute to the overall Third-party Risk Management strategy?
Response:

A) By enhancing the third party's branding and market presence
B) By providing detailed financial analysis of third-party vendors
C) By identifying potential technological risks that could impact the organization
D) By determining the third party,s customer service capabilities

Solutions: