Try and practice the latest ServiceNow : CIS-TPRM real questions & answers

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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

1. Continuous monitoring in TPRM should include:
Response:

A) Periodic risk assessments only
B) Exclusive reliance on annual audits
C) Sole focus on the third-party's technological infrastructure
D) Monitoring of the third party's financial stability, operational performance, and compliance with SLAs

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

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

3. How does the integration of risk management tools with the Third-party Portal enhance risk assessment capabilities?
Response:

A) By automating the submission process for third parties
B) By streamlining the approval process for third-party contracts
C) By reducing the need for internal risk assessments
D) By enabling detailed analysis and reporting on third-party risks

4. How does ServiceNow enable continuous monitoring of third-party risks?
Response:

A) Using a physical bulletin board updated monthly
B) By sending weekly emails to third parties asking if anything has changed
C) By requiring manual checks on a daily basis
D) Through the integration of real-time data feeds and automated workflows

5. What is the primary role of the ServiceNow GRC (Governance, Risk, and Compliance) module in the context of Third-party Risk Management?
Response:

A) To oversee financial transactions of the organization
B) To track employee performance metrics
C) To provide a centralized platform for managing compliance, risks, and policies related to third-party vendors
D) To manage IT service requests

Solutions: