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ServiceNow CIS-TPRM Exam Syllabus Topics:

SectionObjectives
Third-party Risk Management Fundamentals- TPRM concepts and lifecycle
  • 1. Risk identification and assessment principles
    • 2. Third-party onboarding process overview
      Risk Assessment and Management- Risk scoring and evaluation
      • 1. Inherent vs residual risk
        • 2. Risk rating methodologies
          - Issue management
          • 1. Finding remediation workflows
            • 2. Escalation processes
              Configuration and Implementation- Assessment setup
              • 1. Questionnaire configuration
                • 2. Vendor assessment templates
                  - TPRM application configuration
                  • 1. Workflow configuration
                    • 2. Core data model and tables
                      Integration and Automation- Platform integration
                      • 1. Integration with ServiceNow GRC
                        • 2. Data ingestion from third parties
                          - Automation workflows
                          • 1. Lifecycle automation
                            • 2. Notification and task automation
                              Reporting and Governance- Dashboards and reporting
                              • 1. Compliance reporting
                                • 2. Risk dashboards
                                  - Audit and compliance
                                  • 1. Audit trail management
                                    • 2. Regulatory alignment concepts

                                      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
                                      Reveal Solution  Discussion  0

                                      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.
                                      Reveal Solution  Discussion  0

                                      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
                                      Reveal Solution  Discussion  0

                                      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
                                      Reveal Solution  Discussion  0

                                      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.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

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