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ServiceNow CIS-TPRM Exam Syllabus Topics:

SectionObjectives
Topic 1: Configuration and Implementation- TPRM application configuration
  • 1. Workflow configuration
    • 2. Core data model and tables
      - Assessment setup
      • 1. Questionnaire configuration
        • 2. Vendor assessment templates
          Topic 2: Integration and Automation- Automation workflows
          • 1. Notification and task automation
            • 2. Lifecycle automation
              - Platform integration
              • 1. Integration with ServiceNow GRC
                • 2. Data ingestion from third parties
                  Topic 3: Risk Assessment and Management- Risk scoring and evaluation
                  • 1. Risk rating methodologies
                    • 2. Inherent vs residual risk
                      - Issue management
                      • 1. Escalation processes
                        • 2. Finding remediation workflows
                          Topic 4: Reporting and Governance- Audit and compliance
                          • 1. Regulatory alignment concepts
                            • 2. Audit trail management
                              - Dashboards and reporting
                              • 1. Compliance reporting
                                • 2. Risk dashboards
                                  Topic 5: Third-party Risk Management Fundamentals- TPRM concepts and lifecycle
                                  • 1. Risk identification and assessment principles
                                    • 2. Third-party onboarding process overview

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

                                      During the "due diligence" phase of the Third-party Risk Management process, what is the primary focus?
                                      Response:

                                      • A. Evaluating the third party,s risk profile, including financial stability and compliance with regulations
                                      • B. Negotiating payment terms and conditions
                                      • C. Establishing a communication plan with the third party
                                      • D. Signing the final contract with the third party
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

                                      How can workflow automation impact the approval process in third-party risk management?
                                      Response:

                                      • A. It increases the risk of unauthorized approvals
                                      • B. It ensures consistency and reduces the time needed for approvals
                                      • C. It eliminates the need for manual approval entirely
                                      • D. It complicates the approval process by adding unnecessary steps
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

                                      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 provide a centralized platform for managing compliance, risks, and policies related to third-party vendors
                                      • B. To track employee performance metrics
                                      • C. To manage IT service requests
                                      • D. To oversee financial transactions of the organization
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

                                      In TPRM, what is the significance of the "due diligence" phase?
                                      Response:

                                      • A. It is the process of collecting detailed information about a third-party before forming a business relationship.
                                      • B. It is primarily focused on negotiating service level agreements.
                                      • C. It involves the continuous monitoring of the third-party,s performance.
                                      • D. It is a legal requirement for all third-party contracts.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

                                      How does effective Third-party Portal Configuration benefit an organization?
                                      Response:

                                      • A. By significantly reducing the need for IT security
                                      • B. By eliminating the need for direct communication with third parties
                                      • C. Through enhancing the marketing efforts towards third parties
                                      • D. By streamlining processes and improving risk management efficiency
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

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