Demo Servicenow CIS-TPRM Exam Questions

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Question 1

What is the primary goal of Due Diligence Requests in the Assessment Configuration process?

A

To ensure the timely payment of invoices by third parties.

B

To gather essential information to evaluate a third party's risk posture.

C

To negotiate better contract terms with third parties.

D

To identify potential third-party partners for future projects.

Correct Answer: B

Explanation:

In ServiceNow Third-Party Risk Management (TPRM), Due Diligence Requests are used during Assessment Configuration to collect structured and relevant information from third parties or internal stakeholders. This information is then used to assess and evaluate the third party’s risk posture, helping the organization identify, measure, and manage potential risks before onboarding or continuing a relationship.

Question 2

To what type of assessment record can a vendor contact respond?

A

Vendor tiering assessment

B

Vendor risk assessment

C

Customer assessment

D

External monitoring assessment

Correct Answer: B

Explanation:

In ServiceNow Third-Party Risk Management (TPRM), a vendor contact can respond to Vendor Risk Assessment records because these assessments are specifically designed to collect risk-related information directly from external vendors or their representatives. This allows organizations to evaluate the vendor’s security, compliance, and operational risk posture based on firsthand input, making Vendor Risk Assessment the correct assessment type for vendor responses.

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