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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) Revenue Optimization
C) Selection and Onboarding
D) Risk Assessment and Analysis

2. What is the primary purpose of integrating Third-Party Risk Management with other applications in ServiceNow?
Response:

A) To provide a centralized platform for risk management activities
B) To limit access to third-party information
C) To duplicate data across applications for redundancy
D) To increase the workload of GRC administrators

3. What is the role of task dependencies in configuring third-party risk tasks?
Response:

A) To define the order in which tasks must be completed based on their interdependencies
B) To reduce the number of tasks to simplify the process
C) To ensure all tasks are independent and completed in isolation
D) To create a linear task sequence without flexibility

4. In what way do dashboards contribute to regulatory compliance within third-party risk management?
Response:

A) By providing visual evidence of compliance activities and outcomes.
B) By restricting user access to certain data.
C) By enhancing the aesthetic appeal of compliance reports.
D) By automatically filing compliance documents.

5. In Third-party Risk Assessment Calculations, which of the following factors are typically considered?
(Choose two)
Response:

A) The color of the third party,s logo.
B) The financial stability of the third party.
C) The third party,s adherence to relevant industry standards.
D) The geographical location of the third party.

Solutions: