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ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions:
1. In the context of Third-party Risk Management, what role do technical assessments play?
Response:
A) They help evaluate the third party,s compliance with IT security standards and protocols.
B) They are used to determine the third party,s pricing strategy.
C) They provide insights into the third party,s market position.
D) They ensure that the third party is able to meet the organization,s performance requirements.
2. Third-party Risk Task Configuration involves:
Response:
A) Assigning all risk-related tasks to third-party vendors
B) Defining tasks that are unrelated to third-party risk management
C) Setting up tasks for daily operational activities only
D) Specifying actions to be taken for risk assessment, monitoring, and mitigation
3. How can dashboards be customized in the ServiceNow GRC module for third-party risk management?
Response:
A) By selecting and organizing specific metrics relevant to the organization,s risk management goals.
B) By changing the color scheme of the interface.
C) By adding non-relevant data sources to increase information density.
D) By integrating social media feeds.
4. What is the purpose of continuous monitoring in the Third-party Risk Management process?
Response:
A) To maintain an archive of third-party communication logs
B) To ensure the third party is paid on time
C) To identify and address emerging risks throughout the third-party relationship
D) To periodically review and update the contract with the third party
5. In TPRM, what is the significance of the "due diligence" phase?
Response:
A) It is a legal requirement for all third-party contracts.
B) It involves the continuous monitoring of the third-party,s performance.
C) It is primarily focused on negotiating service level agreements.
D) It is the process of collecting detailed information about a third-party before forming a business relationship.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: D |


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