Online Access Free CIS-TPRM Exam Questions

How does continuous monitoring play into the Third-party Risk Assessment Lifecycle?
Response:

• A.It provides ongoing insights into third-party performance and emerging risks.
• B.It is unnecessary if the initial assessment is thorough.
• C.Continuous monitoring is only relevant for high-risk third parties.
• D.It should only be conducted on an annual basis to reduce burden.

What role does Policy and Compliance Management play in ServiceNow''s GRC module?
Response:

• A.It tracks the personal interests of employees.
• B.It solely manages the financial transactions of the organization.
• C.It ensures that all employees follow the dress code.
• D.It manages and automates the lifecycle of policies and compliance processes.

How does the integration of ServiceNow GRC with other ServiceNow applications enhance third-party risk management?
Response:

• A.It enables a holistic view of all risks, including those related to third-party vendors, across the organization
• B.It creates duplicate records for each application
• C.It reduces the overall system functionality
• D.It isolates third-party risk management from other business processes

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

What is the significance of enabling audit logs in a Third-party Portal?
Response:

• A.To ensure the portal meets aesthetic design standards
• B.To allow third parties to self-monitor their activities
• C.To monitor user engagement levels
• D.To track and document all user actions for accountability and compliance purposes