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ServiceNow CIS-TPRM Exam Quiz - CIS-TPRM Test Free

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ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions (Q23-Q28):

NEW QUESTION # 23
How can the design of a Third-party Assessment Portal contribute to improving risk management efficiency?
Response:

A. By limiting the portal's functionality to only high-level risk assessments
B. By providing an intuitive interface that facilitates quick and accurate risk assessments
C. By incorporating multiple branding elements for each third party
D. By centralizing all third-party data in a single location

Answer: B

NEW QUESTION # 24
What is a critical aspect of Third-party Risk Assessment Configuration for ensuring effectiveness?
Response:

A. Configuring the assessment tool to accept only positive feedback about third parties.
B. Setting up the assessment to automatically adjust risk thresholds based on industry trends.
C. Including a wide range of stakeholders in the assessment process.
D. Prioritizing third parties based on the volume of transactions.

Answer: A

NEW QUESTION # 25
Which method is recommended for managing third-party contacts to ensure streamlined communication?
Response:

A. Rotating contact roles periodically
B. Allowing third parties to self-manage contacts
C. Using a centralized contact management system
D. Assigning roles based on geographic proximity

Answer: C

NEW QUESTION # 26
When considering Third-party Risk Assessment Configuration, what is a best practice for setting risk thresholds?
Response:

A. Keeping thresholds constant over time, regardless of changing external factors.
B. Tailoring thresholds to align with the organization's specific risk appetite and sector-specific risks.
C. Setting arbitrary thresholds without reference to organizational risk appetite.
D. Using industry averages as a one-size-fits-all threshold.

Answer: B

NEW QUESTION # 27
In designing a Third-party Assessment Portal, why is it important to consider user feedback from third parties?
Response:

A. To ensure the portal meets the needs of its users and encourages compliance
B. To comply with international regulations on digital interfaces
C. Because third-party feedback is a legal requirement in all jurisdictions
D. User feedback is only important if it comes from high-risk third parties

Answer: A

NEW QUESTION # 28
......

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