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

1. Tiering third parties based on risk and criticality aids in:
Response:

A) Reducing the number of third-party vendors
B) Focusing risk management efforts where they are most needed
C) Simplifying contract negotiations
D) Eliminating the need for security scoring

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

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

3. Which of the following is a crucial aspect of Third-party Tiering Configuration?
Response:

A) Assigning third parties to tiers based on their billing cycles
B) Dividing third parties into groups based on their industry
C) Organizing third parties based on the length of the contract
D) Categorizing third parties according to risk level and criticality to the business

4. What configuration element is critical for ensuring the security of the Third-party Assessment Portal?
Response:

A) Implementing robust authentication and access controls
B) Periodic audits of the portal's security features
C) Allowing unrestricted access to all users
D) Regular updates to the portal's visual design

5. What is an essential component to include when configuring a third-party risk assessment in ServiceNow?
Response:

A) Static risk thresholds applicable to all third parties
B) A flexible framework that allows for different assessment criteria based on the type of third-party engagement
C) A fixed set of questions for all assessments, regardless of the third party,s role
D) An assessment tool that is only accessible to senior management

Solutions: