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ServiceNow CIS-TPRM Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Third-party Risk Management Fundamentals | - TPRM concepts and lifecycle
|
| Risk Assessment and Management | - Risk scoring and evaluation
|
| Configuration and Implementation | - Assessment setup
|
| Integration and Automation | - Platform integration
|
| Reporting and Governance | - Dashboards and reporting
|
ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions:
Which framework is commonly used for Third-Party Risk Management?
Response:
- A. SWOT Analysis
- B. PESTLE Analysis
- C. The Five Forces Model
- D. COSO ERM Framework
Correct Answer: D 🗳️
In the context of Third-party Security Scoring Configuration/Risk Intelligence, what is the significance of incorporating industry benchmarks?
Response:
- A. They eliminate the need for internal risk assessments.
- B. They provide a standard for minimal acceptable performance.
- C. They offer a comparative analysis of third-party performance against peers.
- D. They are used to determine the pricing of contracts.
Correct Answer: C 🗳️
The integration between ServiceNow GRC and Third-Party Risk Management modules facilitates what aspect of risk management?
Response:
- A. It enables a holistic view of organizational and third-party risks
- B. It limits the amount of data that can be analyzed
- C. It ensures that all users get a daily motivational quote
- D. It focuses solely on the aesthetic presentation of risk data
Correct Answer: A 🗳️
What is the advantage of using a multi-tiered approach in Third-party Tiering Configuration?
Response:
- A. It reduces the need for regular assessments
- B. It simplifies contract management
- C. It standardizes the risk management process across all tiers
- D. It allows for differentiated risk management strategies
Correct Answer: D 🗳️
What role does Policy and Compliance Management play in ServiceNow''s GRC module?
Response:
- A. It solely manages the financial transactions of the organization.
- B. It ensures that all employees follow the dress code.
- C. It manages and automates the lifecycle of policies and compliance processes.
- D. It tracks the personal interests of employees.
Correct Answer: C 🗳️
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