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ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions (Q59-Q64):

NEW QUESTION # 59
What is the most significant benefit of categorizing third parties based on the services they provide during the Third-party Portfolio Configuration process?
Response:

A. Standardization of service levels
B. Efficient allocation of risk management resources
C. Simplification of contract negotiations
D. Improvement in financial forecasting

Answer: B

NEW QUESTION # 60
What is the benefit of engaging with third parties for feedback on the risk assessment process?
Response:

A. It simplifies the assessment process by limiting the scope of questions
B. It enhances the assessment process by incorporating insights from third parties, leading to more effective risk management
C. It allows third parties to take control of the assessment process
D. It reduces the time required to complete assessments

Answer: B

NEW QUESTION # 61
What role does user feedback play in the ongoing configuration of a Third-party Assessment Portal?
Response:

A. It helps maintain the portal's original design intent
B. It eliminates the need for further user training
C. It ensures the portal evolves to meet user needs and improves compliance rates
D. It reduces the frequency of portal updates

Answer: C

NEW QUESTION # 62
What should be the primary focus when implementing changes to the workflow process in third-party risk management?
Response:

A. Ensuring that all changes are documented and communicated to relevant parties
B. Reducing the number of stakeholders involved to speed up the process
C. Prioritizing cost reduction over process effectiveness
D. Allowing each department to independently manage its own changes

Answer: A

NEW QUESTION # 63
Which of the following best practices should be followed when setting up risk thresholds in third-party risk assessment configuration?
Response:

A. Customizing risk thresholds to align with the organization,s specific risk tolerance and industry standards
B. Avoiding any changes to risk thresholds after the initial setup
C. Using a universal threshold for all types of third parties
D. Setting risk thresholds based on the most conservative estimates available

Answer: C

NEW QUESTION # 64
......

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CIS-TPRM Exam Topics Pdf | New Study CIS-TPRM Questions

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New Study CIS-TPRM Questions, New CIS-TPRM Test Questions

ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions (Q59-Q64):

ServiceNow CIS-TPRM Exam | CIS-TPRM Exam Topics Pdf - Help you Pass CIS-TPRM Exam for Sure

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