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

1. What is the primary objective of implementing technical controls during the Third-party Risk Management process?
Response:

A) To improve the third party,s operational efficiency
B) To ensure that the third party meets the organization,s security and compliance requirements
C) To reduce the costs associated with third-party services
D) To enhance the third party,s customer satisfaction levels

2. Which of the following best practices should be followed when setting up risk thresholds in third-party risk assessment configuration?
Response:

A) Setting risk thresholds based on the most conservative estimates available
B) Customizing risk thresholds to align with the organization,s specific risk tolerance and industry standards
C) Using a universal threshold for all types of third parties
D) Avoiding any changes to risk thresholds after the initial setup

3. Which fields are included on the Third-party Contact form?
(Select two)
Response:

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

4. In Third-party Contacts Configuration, what is the primary goal?
Response:

A) To configure automated email responses
B) To establish points of contact for risk management communication
C) To track the geographical location of third-party contacts
D) To determine the hierarchy of third-party organizations

5. What is a critical outcome of properly configuring Third-party Security Scoring?
Response:

A) Simplified compliance reporting
B) Increased vendor satisfaction
C) Improved negotiation leverage with vendors
D) Enhanced transparency in vendor selection processes

Solutions: