What types of due diligence requests can be made by an employee through the Employee Center? (Choose 5 answers)
Correct Answer: C, D, E, F, G
Explanation:
In ServiceNow Employee Center (Due Diligence / Third-Party Risk workflows), employees can submit specific types of due diligence requests related to managing vendor or engagement lifecycle activities. These include reassessing an existing engagement (D) to review updated risk or compliance status, and reassessing an engagement for contract renewal (C) when a contract is being extended and needs fresh evaluation. Employees can also request offboarding of an engagement with no due diligence (E) when risk review is not required, or offboarding with due diligence (G) when a formal risk assessment is necessary before termination. Additionally, they can onboard a new engagement (F) to initiate due diligence before working with a new third party.
Question 2
What Third-party Risk Management feature pinpoints the geographical locations of active third parties and engagements?
Correct Answer: D
Explanation:
In ServiceNow Third-Party Risk Management (TPRM), the Risk Concentration Map provides a visual, geographical representation of where active third parties and their engagements are located. This helps organizations quickly identify risk exposure across regions, understand geographic clustering of vendors, and assess potential regional risk impacts such as regulatory, geopolitical, or operational risks.
Question 3
Which Due Diligence workflow process allows the negotiator to access all the data from the preceding processes in the Due Diligence workflows to design and settle the contract?
Correct Answer: D
Explanation:
In ServiceNow Third-Party Risk Management (TPRM), the Contract Risk workflow is the stage where the negotiator gets access to all outputs from previous due diligence processes (such as financial, ESG, and inherent risk assessments). This consolidated view allows them to evaluate risk exposure in context and properly design, negotiate, and finalize the contract terms based on the overall risk profile of the third party.
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