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

1. Effective Third-party Contacts Configuration ensures:
Response:

A) Enhanced contractual compliance
B) Efficient risk communication
C) Increased third-party performance
D) Lowered overall risk scores

2. What is an essential factor in managing the Third-party Risk Assessment Lifecycle effectively?
Response:

A) Limiting the scope of assessments to cyber security risks only.
B) Focusing exclusively on initial due diligence at the start of the relationship.
C) Ensuring there is a mechanism for integrating changes in third-party relationships.
D) Avoiding any reassessment to maintain a stable risk profile.

3. Which of the following elements are typically included in Third-party Security Scoring?
(Choose two)
Response:

A) Compliance with environmental standards
B) Financial health indicators
C) Cybersecurity posture
D) Operational resilience

4. In the context of third-party risk assessment generation, what is the primary benefit of using automated triggers and schedules?
Response:

A) Increasing the complexity of the risk management process
B) Limiting the scope of assessments to high-risk third parties only
C) Ensuring assessments are consistently conducted at relevant intervals
D) Reducing the need for risk management staff

5. Which of the following is NOT a benefit of optimizing the Third-party Risk Process Workflow?
Response:

A) Reduced time in identifying and mitigating risks
B) Increased transparency in third-party risk management
C) Greater dependency on individual judgment in risk processes
D) Improved collaboration across departments

Solutions: