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ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions:
1. What is the primary purpose of implementing Approval and Workflow Process Changes in Third-party Risk Management?
Response:
A) To increase the cost efficiency of third-party services
B) To decrease the time it takes to onboard new third-party vendors
C) To ensure that changes in risk management processes are systematically reviewed and approved
D) To enhance the security posture of third-party vendors
2. How should Contact Configuration be approached to manage international third parties?
Response:
A) By using a universal language for all communications, regardless of the third party,s location
B) Ignoring time zone differences to simplify meeting scheduling
C) Accounting for language preferences and time zones in contact details
D) Assigning contacts based on geographical proximity rather than expertise
3. The integration between ServiceNow GRC and Third-Party Risk Management modules facilitates what aspect of risk management?
Response:
A) It ensures that all users get a daily motivational quote
B) It enables a holistic view of organizational and third-party risks
C) It focuses solely on the aesthetic presentation of risk data
D) It limits the amount of data that can be analyzed
4. Why is it important to conduct due diligence requests before engaging with a new third party?
Response:
A) To negotiate lower service fees
B) To establish a close personal relationship with the third-party staff
C) To reduce the administrative burden of ongoing risk assessments
D) To collect detailed information that helps in identifying potential risks before formal engagement
5. Which of the following is a crucial aspect of Third-party Tiering Configuration?
Response:
A) Dividing third parties into groups based on their industry
B) Organizing third parties based on the length of the contract
C) Assigning third parties to tiers based on their billing cycles
D) Categorizing third parties according to risk level and criticality to the business
Solutions:
Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: B |