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ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions (Q85-Q90):
NEW QUESTION # 85
How does the use of standardized technical assessment frameworks benefit the Third-party Risk Management process?
Response:
- A. It simplifies the negotiation process with third parties
- B. It reduces the need for continuous monitoring of third parties
- C. It ensures consistency and comparability in evaluating third-party risks
- D. It allows for more flexible contract terms with third parties
Answer: B
NEW QUESTION # 86
What is the primary objective of implementing technical controls during the Third-party Risk Management process?
Response:
- A. To ensure that the third party meets the organization,s security and compliance requirements
- B. To reduce the costs associated with third-party services
- C. To improve the third party,s operational efficiency
- D. To enhance the third party,s customer satisfaction levels
Answer: A
NEW QUESTION # 87
What is the primary role of the ServiceNow GRC (Governance, Risk, and Compliance) module in the context of Third-party Risk Management?
Response:
- A. To oversee financial transactions of the organization
- B. To provide a centralized platform for managing compliance, risks, and policies related to third-party vendors
- C. To manage IT service requests
- D. To track employee performance metrics
Answer: D
NEW QUESTION # 88
How does ServiceNow enable continuous monitoring of third-party risks?
Response:
- A. Through the integration of real-time data feeds and automated workflows
- B. Using a physical bulletin board updated monthly
- C. By sending weekly emails to third parties asking if anything has changed
- D. By requiring manual checks on a daily basis
Answer: C
NEW QUESTION # 89
What is the impact of failing to conduct thorough technical assessments in Third-party Risk Management?
Response:
- A. Increased operational efficiency
- B. Higher risk of security breaches and compliance violations
- C. Improved financial performance
- D. Enhanced third-party relationships
Answer: B
NEW QUESTION # 90
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