Free ServiceNow CIS-TPRM Exam Dumps Questions & Answers

What type of risk is primarily concerned with third-party vendors'' compliance with laws and regulations?
Response:

• A.  Operational Risk
• B.  Strategic Risk
• C.  Compliance Risk
• D.  Financial Risk

What is the role of task dependencies in configuring third-party risk tasks?
Response:

• A.  To reduce the number of tasks to simplify the process
• B.  To create a linear task sequence without flexibility
• C.  To define the order in which tasks must be completed based on their interdependencies
• D.  To ensure all tasks are independent and completed in isolation

What role does automation play in the generation of third-party risk assessments?
Response:

• A.  It limits the assessment process to high-risk third parties only
• B.  It reduces the accuracy of assessments by relying on automated processes
• C.  It ensures that assessments are conducted consistently and triggered by predefined criteria
• D.  It simplifies the assessment process by removing the need for human intervention

In the context of Contact Configuration, what is the impact of poorly defined roles?
Response:

• A.  Increased efficiency in communication and problem resolution
• B.  Improved scalability and flexibility in managing contacts
• C.  Decreased clarity and potential delays in addressing issues
• D.  Enhanced security and data protection for both parties

What is an essential component to include when configuring a third-party risk assessment in ServiceNow?
Response:

• A.  An assessment tool that is only accessible to senior management
• B.  Static risk thresholds applicable to all third parties
• C.  A fixed set of questions for all assessments, regardless of the third party,s role
• D.  A flexible framework that allows for different assessment criteria based on the type of third-party engagement