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ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions:

1. Which of the following is a key benefit of integrating risk process workflows with third-party management tools?
Response:

A) It simplifies the risk management process by removing all approval steps
B) It enhances the visibility of the entire process, allowing for better tracking and reporting
C) It reduces the complexity of risk assessments by limiting data inputs
D) It removes the need for compliance checks

2. What is a key consideration when setting up Contact Configuration?
Response:

A) Ensuring all contacts are from the same geographic location
B) Creating an extensive list of contacts for each third party
C) Focusing solely on internal contacts within the organization
D) Establishing clear communication protocols and escalation paths

3. What is a key benefit of integrating real-time data feeds into the Third-party Assessment Portal?
Response:

A) It reduces the need for manual risk assessments
B) It allows third parties to manage their data independently
C) It simplifies the onboarding process for new third parties
D) It enables continuous monitoring of third-party risks with up-to-date information

4. What role does user accessibility play in Third-party Portal Configuration?
Response:

A) Ensuring that the portal is accessible to users with disabilities is a legal requirement
B) Accessibility only applies to internal users within the organization
C) Third parties are responsible for configuring their own accessibility
D) It is a minor consideration that can be addressed post-deployment

5. What is the benefit of engaging with third parties for feedback on the risk assessment process?
Response:

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

Solutions: