Free ServiceNow CIS-TPRM Exam Dumps Questions & Answers

What is the primary objective of the Third-party Portal Configuration in ServiceNow?
Response:

• A.To store third-party compliance documents
• B.To streamline third-party onboarding processes
• C.To track the financial transactions of third parties
• D.To enable efficient interaction and communication between the organization and its third parties

In Third-party Risk Assessment Calculations, which of the following factors are typically considered?
(Choose two)
Response:

• A.The financial stability of the third party.
• B.The third party,s adherence to relevant industry standards.
• C.The geographical location of the third party.
• D.The color of the third party,s logo.

In the context of ServiceNow Third-Party Risk Management, what is the role of "Assessment Templates"?
Response:

• A.To standardize email signatures across the organization
• B.To provide a standard format for decorating the office
• C.To ensure consistency and completeness in risk assessments
• D.To create templates for social media postings

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

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

What is the primary objective of conducting due diligence requests during the third-party risk assessment process?
Response:

• A.To finalize contract terms with third parties
• B.To reduce the overall cost of third-party services
• C.To collect and evaluate critical information about third-party risks before engagement
• D.To establish a legal framework for third-party relationships