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Valid CIS-TPRM Test Prep - CIS-TPRM Exam Tutorial

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ServiceNow CIS-TPRM Exam Tutorial | Exam CIS-TPRM Syllabus

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ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions (Q52-Q57):

NEW QUESTION # 52
In TPRM, what is the significance of the "due diligence" phase?
Response:

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

Answer: B

NEW QUESTION # 53
In the context of Third-party Risk Management, what role do technical assessments play?
Response:

A. They help evaluate the third party,s compliance with IT security standards and protocols.
B. They provide insights into the third party,s market position.
C. They ensure that the third party is able to meet the organization,s performance requirements.
D. They are used to determine the third party,s pricing strategy.

Answer: A

NEW QUESTION # 54
During the "due diligence" phase of the Third-party Risk Management process, what is the primary focus?
Response:

A. Evaluating the third party,s risk profile, including financial stability and compliance with regulations
B. Signing the final contract with the third party
C. Negotiating payment terms and conditions
D. Establishing a communication plan with the third party

Answer: B

NEW QUESTION # 55
Tiering third parties based on risk and criticality aids in:
Response:

A. Focusing risk management efforts where they are most needed
B. Eliminating the need for security scoring
C. Simplifying contract negotiations
D. Reducing the number of third-party vendors

Answer: A

NEW QUESTION # 56
How does integrating Third-party Portal Configuration with risk management workflows impact organizational efficiency?
Response:

A. It automates and streamlines risk assessment processes, reducing manual effort
B. It reduces the need for external communication with third parties
C. It eliminates the need for continuous monitoring of third parties
D. It increases the complexity of managing third-party relationships

Answer: B

NEW QUESTION # 57
......

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