Free ServiceNow CIS-TPRM Exam Dumps Questions & Answers

Effective Approval and Workflow Process Changes should result in:
Response:

• A.  Decreased communication between departments
• B.  More streamlined and efficient risk management processes
• C.  Longer processing times for risk management activities
• D.  Increased manual intervention in workflows

The process of __________ ensures that all modifications to the risk management workflow are correctly implemented and effective.
Response:

• A.  Third-party Vendor Evaluation
• B.  Third-party Risk Issue Configuration
• C.  Third-party Risk Task Configuration
• D.  Approval and Workflow Process Changes

What is the primary driver for implementing Third-party Risk Management in an organization?
Response:

• A.  To enhance marketing efforts
• B.  To improve the organization's public image
• C.  To reduce the cost of outsourcing services
• D.  To comply with regulatory requirements and protect the organization from third-party risks

What is the primary objective of Third-Party Risk Management?
Response:

• A.  To increase third-party dependencies
• B.  To identify, assess, and mitigate risks associated with third parties
• C.  To minimize the cost of third-party services
• D.  To improve third-party service delivery times

In the context of Contact Configuration, what is the impact of poorly defined roles?
Response:

• A.  Increased efficiency in communication and problem resolution
• B.  Decreased clarity and potential delays in addressing issues
• C.  Improved scalability and flexibility in managing contacts
• D.  Enhanced security and data protection for both parties