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| Section | Weight | Objectives |
|---|---|---|
| Remediation and Monitoring | 15% | - Create and track remediation tasks - Generate risk dashboards and reports - Configure monitoring workflows - Implement due diligence processes |
| Application Configuration | 25% | - Configure third-party types and categories - Configure questionnaire templates - Configure risk assessment templates - Configure TPRM foundational elements |
| Risk Assessment and Scoring | 20% | - Configure risk calculation models - Automate risk scoring workflows - Define risk thresholds and matrices - Implement inherent and residual risk scoring |
| Third-party Management | 20% | - Track third-party relationships and tiers - Manage third-party registry - Implement third-party lifecycle management - Configure SLA requirements |
| Questionnaire Management | 20% | - Assign questionnaires to third parties - Create and manage questionnaires - Configure questionnaire workflows - Build questionnaires using sections and questions |
What is the primary driver for implementing Third-party Risk Management in an organization?
Response:
Correct Answer: A 🗳️
How does ServiceNow enable continuous monitoring of third-party risks?
Response:
Correct Answer: C 🗳️
During the "due diligence" phase of the Third-party Risk Management process, what is the primary focus?
Response:
Correct Answer: B 🗳️
What is the primary goal of Due Diligence Requests in the Assessment Configuration process?
Response:
Correct Answer: D 🗳️
Which factor is critical when defining the criteria for third-party risk assessments during the assessment configuration process?
Response:
Correct Answer: A 🗳️
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