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

1. Which of the following is NOT typically a phase in the Third-Party Risk Management Process?
Response:

A) Continuous Monitoring
B) Selection and Onboarding
C) Risk Assessment and Analysis
D) Revenue Optimization

2. What is the role of industry benchmarks in Third-party Security Scoring?
Response:

A) They eliminate the need for custom scoring models
B) They simplify the security assessment process
C) They allow for comparative analysis across similar third parties
D) They set a fixed standard for all vendors

3. Which of the following elements are typically considered in third-party risk assessment calculations?
(Choose two)
Response:

A) The personal preferences of the third party,s CEO
B) The third party,s historical compliance with industry standards
C) The financial stability of the third party
D) The color of the third party,s logo

4. What is the primary goal of Due Diligence Requests in the Assessment Configuration process?
Response:

A) To identify potential third-party partners for future projects.
B) To ensure the timely payment of invoices by third parties.
C) To negotiate better contract terms with third parties.
D) To gather essential information to evaluate a third party,s risk posture.

5. Which module within ServiceNow GRC helps in assessing the risk level of third parties before engaging in a business relationship?
Response:

A) Vendor Risk Management
B) Project Management
C) Incident Response
D) Human Resources

Solutions: