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

1. The process of __________ ensures that all modifications to the risk management workflow are correctly implemented and effective.
Response:

A) Third-party Vendor Evaluation
B) Third-party Risk Task Configuration
C) Approval and Workflow Process Changes
D) Third-party Risk Issue Configuration

2. The primary purpose of Third-party Contacts Configuration is to:
Response:

A) Monitor the performance metrics of third-party contacts
B) Catalog third-party contacts based on geographical location
C) Ensure seamless payment processes to third parties
D) Facilitate effective communication and escalation paths for risk management

3. In Third-party Contacts Configuration, what is essential for maintaining effective communication and minimizing risk?
Response:

A) Avoiding direct communication channels
B) Limiting contact roles to a single individual
C) Establishing multiple layers of redundancy
D) Using a generic contact email address

4. What advantage does the integration of ServiceNow GRC with Vendor Risk Management offer when assessing third-party risks?
Response:

A) It provides a streamlined process for assessing vendor risks within the broader context of organizational risk management
B) It delays the risk assessment process
C) It increases the complexity of risk assessments
D) It segregates third-party risks from other organizational risks

5. When configuring a Third-party Assessment Portal, which feature is essential for ensuring accountability and traceability?
Response:

A) Unlimited storage space for third-party memes and GIFs
B) A log of all actions taken by users, including submissions and changes
C) Integration with personal email accounts for all users
D) The ability to post social media updates directly from the portal

Solutions: