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ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions (Q114-Q119):

NEW QUESTION # 114
Tiering third parties based on risk and criticality aids in:
Response:

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

Answer: C

NEW QUESTION # 115
Third-party Risk Issues are considered inactive when they enter this state:
Response:

A. Review
B. Submitted to Third Party
C. Closed
D. Finalize with Third Party

Answer: C

NEW QUESTION # 116
In the context of Third-party Security Scoring Configuration/Risk Intelligence, what is the significance of incorporating industry benchmarks?
Response:

A. They provide a standard for minimal acceptable performance.
B. They offer a comparative analysis of third-party performance against peers.
C. They eliminate the need for internal risk assessments.
D. They are used to determine the pricing of contracts.

Answer: B

NEW QUESTION # 117
When configuring a Third-party Risk Management system, which of the following is critical for Third-party Portfolio Configuration?
Response:

A. Assigning a fixed risk score to each service category
B. Developing a categorization system that aligns with the organization,s risk management framework
C. Differentiating third parties based on geographic location exclusively
D. Ensuring all third-party services are categorized by cost only

Answer: B

NEW QUESTION # 118
What is the significance of enabling audit logs in a Third-party Portal?
Response:

A. To track and document all user actions for accountability and compliance purposes
B. To monitor user engagement levels
C. To ensure the portal meets aesthetic design standards
D. To allow third parties to self-monitor their activities

Answer: A

NEW QUESTION # 119
......

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Peter Evans Peter Evans

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