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ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions (Q57-Q62):

NEW QUESTION # 57
How does the integration of ServiceNow GRC with other ServiceNow applications enhance third-party risk management?
Response:

A. It creates duplicate records for each application
B. It reduces the overall system functionality
C. It enables a holistic view of all risks, including those related to third-party vendors, across the organization
D. It isolates third-party risk management from other business processes

Answer: D

NEW QUESTION # 58
Why is it important to regularly update the risk criteria used in third-party assessments?
Response:

A. To reflect changes in the external environment and emerging risks
B. To maintain a stable relationship with the third party
C. To ensure that the assessment process remains consistent over time
D. To reduce the complexity of the assessment process

Answer: A

NEW QUESTION # 59
In Third-party Risk Assessment Calculations, which of the following factors are typically considered?
(Choose two)
Response:

A. The financial stability of the third party.
B. The color of the third party,s logo.
C. The geographical location of the third party.
D. The third party,s adherence to relevant industry standards.

Answer: A,B

NEW QUESTION # 60
When considering Third-party Risk Assessment Configuration, what is a best practice for setting risk thresholds?
Response:

A. Keeping thresholds constant over time, regardless of changing external factors.
B. Tailoring thresholds to align with the organization's specific risk appetite and sector-specific risks.
C. Setting arbitrary thresholds without reference to organizational risk appetite.
D. Using industry averages as a one-size-fits-all threshold.

Answer: B

NEW QUESTION # 61
How does integrating Third-party Portal Configuration with risk management workflows impact organizational efficiency?
Response:

A. It automates and streamlines risk assessment processes, reducing manual effort
B. It reduces the need for external communication with third parties
C. It increases the complexity of managing third-party relationships
D. It eliminates the need for continuous monitoring of third parties

Answer: B

NEW QUESTION # 62
......

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Rick Green Rick Green

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