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

1. In TPRM, what is the significance of the "due diligence" phase?
Response:

A) It involves the continuous monitoring of the third-party,s performance.
B) It is primarily focused on negotiating service level agreements.
C) It is a legal requirement for all third-party contracts.
D) It is the process of collecting detailed information about a third-party before forming a business relationship.

2. What ServiceNow feature helps companies manage third parties without emails and spreadsheets?
Response:

A) The Third-party Platform
B) The Third-party Portal
C) The Customer Service Portal
D) The Third-party Registry

3. In Contact Configuration, what is essential for ensuring effective communication?
Response:

A) Assigning multiple contacts for each third party without specific roles
B) Limiting contact information to email addresses only
C) Defining clear roles and responsibilities for each contact
D) Establishing a single point of contact for all communications

4. Which fields are included on the Third-party Contact form?
(Select two)
Response:

A) Risk rating
B) Rank tier
C) Primary Contact
D) Email

5. Continuous monitoring in TPRM should include:
Response:

A) Monitoring of the third party's financial stability, operational performance, and compliance with SLAs
B) Sole focus on the third-party's technological infrastructure
C) Periodic risk assessments only
D) Exclusive reliance on annual audits

Solutions: