ServiceNow CIS-TPRM : Certified Implementation Specialist - Third-party Risk Management

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ServiceNow CIS-TPRM Exam Syllabus Topics:

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

Question #1
What is a key benefit of integrating real-time data feeds into the Third-party Assessment Portal?
Response:

A. It simplifies the onboarding process for new third parties
B. It allows third parties to manage their data independently
C. It enables continuous monitoring of third-party risks with up-to-date information
D. It reduces the need for manual risk assessments

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

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

Question #3
How does integrating Third-party Portal Configuration with risk management workflows impact organizational efficiency?
Response:

A. It automates and streamlines risk assessment processes, reducing manual effort
B. It eliminates the need for continuous monitoring of third parties
C. It increases the complexity of managing third-party relationships
D. It reduces the need for external communication with third parties

Question #4
What is the most significant benefit of categorizing third parties based on the services they provide during the Third-party Portfolio Configuration process?
Response:

A. Improvement in financial forecasting
B. Standardization of service levels
C. Simplification of contract negotiations
D. Efficient allocation of risk management resources

Question #5
Which fields are included on the Third-party Contact form?
(Select two)
Response:

A. Email
B. Rank tier
C. Primary Contact
D. Risk rating

Solutions: