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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Third-party Management | 20% | - Configure SLA requirements - Manage third-party registry - Track third-party relationships and tiers - Implement third-party lifecycle management |
| Topic 2: Risk Assessment and Scoring | 20% | - Configure risk calculation models - Define risk thresholds and matrices - Implement inherent and residual risk scoring - Automate risk scoring workflows |
| Topic 3: Application Configuration | 25% | - Configure third-party types and categories - Configure TPRM foundational elements - Configure risk assessment templates - Configure questionnaire templates |
| Topic 4: Questionnaire Management | 20% | - Build questionnaires using sections and questions - Configure questionnaire workflows - Create and manage questionnaires - Assign questionnaires to third parties |
| Topic 5: Remediation and Monitoring | 15% | - Create and track remediation tasks - Implement due diligence processes - Configure monitoring workflows - Generate risk dashboards and reports |
What is an essential factor in managing the Third-party Risk Assessment Lifecycle effectively?
Response:
Correct Answer: A 🗳️
What is the impact of failing to conduct thorough technical assessments in Third-party Risk Management?
Response:
Correct Answer: D 🗳️
Which module within ServiceNow GRC helps in assessing the risk level of third parties before engaging in a business relationship?
Response:
Correct Answer: B 🗳️
Which factor is critical when defining the criteria for third-party risk assessments during the assessment configuration process?
Response:
Correct Answer: A 🗳️
What is the advantage of using a multi-tiered approach in Third-party Tiering Configuration?
Response:
Correct Answer: D 🗳️
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