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ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions (Q148-Q153):

NEW QUESTION # 148
Implementing __________ is key to ensuring that risk management changes are aligned with organizational policies and strategic objectives.
Response:

A. Third-party Risk Task Configuration
B. Strategic Risk Alignment
C. Approval and Workflow Process Changes
D. Third-party Risk Issue Configuration

Answer: C

NEW QUESTION # 149
What is a key consideration when developing a Third-party Tiering Configuration strategy?
Response:

A. Prioritizing short-term contracts
B. The ability to downgrade vendors automatically based on performance
C. Relying on third-party self-assessments only
D. Incorporating both qualitative and quantitative risk indicators

Answer: D

NEW QUESTION # 150
A comprehensive Third-party Risk Assessment Configuration should include:
Response:

A. A balance of qualitative and quantitative risk assessment methods.
B. A fixed set of risk thresholds that do not change over time.
C. Exclusively quantitative risk assessment methods.
D. Sole reliance on external risk assessment reports.

Answer: D

NEW QUESTION # 151
Why is it important to conduct due diligence requests before engaging with a new third party?
Response:

A. To collect detailed information that helps in identifying potential risks before formal engagement
B. To establish a close personal relationship with the third-party staff
C. To negotiate lower service fees
D. To reduce the administrative burden of ongoing risk assessments

Answer: D

NEW QUESTION # 152
Which of the following elements are typically considered in third-party risk assessment calculations?
(Choose two)
Response:

A. The financial stability of the third party
B. The color of the third party,s logo
C. The personal preferences of the third party,s CEO
D. The third party,s historical compliance with industry standards

Answer: C,D

NEW QUESTION # 153
......

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