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ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions:
1. Why is it important to periodically review and update task configurations in third-party risk management?
Response:
A) To ensure that task configurations reflect the current risk environment and organizational priorities
B) To align tasks with outdated risk management strategies
C) To prevent employees from becoming too familiar with their tasks
D) To reduce the number of tasks over time
2. What role does Policy and Compliance Management play in ServiceNow''s GRC module?
Response:
A) It tracks the personal interests of employees.
B) It ensures that all employees follow the dress code.
C) It manages and automates the lifecycle of policies and compliance processes.
D) It solely manages the financial transactions of the organization.
3. The process of __________ ensures that all modifications to the risk management workflow are correctly implemented and effective.
Response:
A) Third-party Risk Issue Configuration
B) Third-party Risk Task Configuration
C) Approval and Workflow Process Changes
D) Third-party Vendor Evaluation
4. What role does automation play in the generation of third-party risk assessments?
Response:
A) It limits the assessment process to high-risk third parties only
B) It reduces the accuracy of assessments by relying on automated processes
C) It simplifies the assessment process by removing the need for human intervention
D) It ensures that assessments are conducted consistently and triggered by predefined criteria
5. Which workflow design principle is most critical in optimizing the third-party risk process?
Response:
A) Prioritizing speed over accuracy
B) Reducing manual interventions to increase process efficiency
C) Ensuring all tasks are completed by a single department
D) Maximizing the number of approval steps to ensure thorough checks
Solutions:
Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: D |