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ServiceNow CIS-TPRM Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Configuration and Implementation | - TPRM application configuration
|
| Topic 2: Integration and Automation | - Automation workflows
|
| Topic 3: Risk Assessment and Management | - Risk scoring and evaluation
|
| Topic 4: Reporting and Governance | - Audit and compliance
|
| Topic 5: Third-party Risk Management Fundamentals | - TPRM concepts and lifecycle
|
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
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
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
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.
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
Correct Answer: B 🗳️
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