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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

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

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

2. What is the impact of failing to conduct thorough technical assessments in Third-party Risk Management?
Response:

A) Improved financial performance
B) Enhanced third-party relationships
C) Increased operational efficiency
D) Higher risk of security breaches and compliance violations

3. How does effective Third-party Contacts Configuration contribute to risk mitigation?
Response:

A) By ensuring that all key stakeholders are included in communications
B) By limiting communication to senior management
C) By reducing the number of contacts per third party
D) By automating all communication processes

4. Why is it important to regularly update the risk criteria used in third-party assessments?
Response:

A) To maintain a stable relationship with the third party
B) To ensure that the assessment process remains consistent over time
C) To reduce the complexity of the assessment process
D) To reflect changes in the external environment and emerging risks

5. What is the primary objective of conducting due diligence requests during the third-party risk assessment process?
Response:

A) To establish a legal framework for third-party relationships
B) To reduce the overall cost of third-party services
C) To collect and evaluate critical information about third-party risks before engagement
D) To finalize contract terms with third parties

Solutions: