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ServiceNow CIS-TPRM Exam Syllabus Topics:

SectionWeightObjectives
Third-party Management20%- Implement third-party lifecycle management
- Configure SLA requirements
- Manage third-party registry
- Track third-party relationships and tiers
Remediation and Monitoring15%- Create and track remediation tasks
- Generate risk dashboards and reports
- Implement due diligence processes
- Configure monitoring workflows
Risk Assessment and Scoring20%- Implement inherent and residual risk scoring
- Configure risk calculation models
- Automate risk scoring workflows
- Define risk thresholds and matrices
Questionnaire Management20%- Build questionnaires using sections and questions
- Assign questionnaires to third parties
- Create and manage questionnaires
- Configure questionnaire workflows
Application Configuration25%- Configure risk assessment templates
- Configure TPRM foundational elements
- Configure third-party types and categories
- Configure questionnaire templates

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

1. What is a critical aspect of Third-party Risk Assessment Configuration for ensuring effectiveness?
Response:

A) Including a wide range of stakeholders in the assessment process.
B) Prioritizing third parties based on the volume of transactions.
C) Setting up the assessment to automatically adjust risk thresholds based on industry trends.
D) Configuring the assessment tool to accept only positive feedback about third parties.


2. Which of the following is NOT typically a phase in the Third-Party Risk Management Process?
Response:

A) Risk Assessment and Analysis
B) Selection and Onboarding
C) Revenue Optimization
D) Continuous Monitoring


3. In what way do dashboards contribute to regulatory compliance within third-party risk management?
Response:

A) By automatically filing compliance documents.
B) By restricting user access to certain data.
C) By enhancing the aesthetic appeal of compliance reports.
D) By providing visual evidence of compliance activities and outcomes.


4. Effective Third-party Tiering Configuration helps in:
(Choose two)
Response:

A) Allocating resources more efficiently for risk assessment and monitoring
B) Reducing the time required for onboarding new third parties
C) Decreasing overall operational costs
D) Prioritizing audit schedules based on the tier


5. Which framework is commonly used for Third-Party Risk Management?
Response:

A) COSO ERM Framework
B) The Five Forces Model
C) SWOT Analysis
D) PESTLE Analysis


Solutions:

Question # 1
Answer: D
Question # 2
Answer: C
Question # 3
Answer: D
Question # 4
Answer: A,C
Question # 5
Answer: A

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