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Shared Assessments CTPRP real answers - Certified Third-Party Risk Professional (CTPRP)

CTPRP
  • Exam Code: CTPRP
  • Exam Name: Certified Third-Party Risk Professional (CTPRP)
  • Updated: Jul 10, 2025
  • Q & A: 375 Questions and Answers
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Shared Assessments Certified Third-Party Risk Professional (CTPRP) Sample Questions:

1. Consider a company that uses multiple service providers for various functions. When conducting a criticality assessment, what should be the primary consideration for prioritizing which service provider to assess first?

A) The duration of the contract with the service provider
B) The overall satisfaction of the organization with the service provider's performance
C) The impact of the service provider on the organization's ability to deliver core business functions
D) The number of transactions processed by the service provider on a daily basis


2. An organization reviews its Asset Management Program after noticing frequent equipment losses. What strategy should be emphasized to prevent future incidents?

A) Increasing the frequency of asset audits and reviews
B) Conducting regular performance evaluations of the asset management team
C) Expanding the use of asset management software solutions
D) Implementing stricter monitoring and control measures


3. In a scenario where a third-party fails to meet service level agreements, who assesses the situation and approves the necessary actions?

A) The business unit relationship owner assesses and approves the actions
B) The legal department reviews contractual obligations and adjusts
C) A cross-functional team deliberates and decides on further steps
D) The compliance officer conducts an evaluation and proposes solutions


4. What is the primary responsibility of asset owners within an organization?

A) Managing asset-related communication across departments
B) Overseeing the training of personnel on asset use
C) Ensuring proper maintenance, updating, securing, and disposal of assets
D) Conducting performance evaluations of the organizational assets


5. What is a key reason why remote access increases vendor risk classification?

A) It exposes the organization to increased cyberattacks and unauthorized access.
B) It provides vendors with unrestricted access to all network resources.
C) It allows for easier integration of vendor systems with the organization's infrastructure.
D) It simplifies the process of tracking and managing vendor activities.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: A
Question # 4
Answer: C
Question # 5
Answer: A

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