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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Third-Party Portal and Collaboration | 18% | - Portal configuration, branding, and navigation - Communication and notification setup - Request management: questionnaires, documents, evidence - Access management and permissions |
| Topic 2: Reporting, Integration, and Compliance | 6% | - Integration with GRC and other ServiceNow applications - Compliance frameworks and regulatory alignment - Dashboards, reports, and analytics |
| Topic 3: Process Automation and Workflows | 19% | - Workflow design and customization - Task assignment and tracking - Approval processes and escalation rules - Issue and action item management |
| Topic 4: TPRM Application Overview and Core Configuration | 24% | - Risk intelligence and integration configuration - Risk domains, criteria, and scoring rules - Application architecture and key components - Contacts and engagement setup - Third-party record management and hierarchy |
| Topic 5: Assessment Configuration and Management | 33% | - Assessment types: internal, external, due diligence - Inherent Risk Questionnaire (IRQ) configuration - Scoring calculations and risk rating determination - Questionnaire templates and scales setup - Assessment lifecycle, scheduling, and generation |
1. Which method is recommended for managing third-party contacts to ensure streamlined communication?
Response:
A) Rotating contact roles periodically
B) Assigning roles based on geographic proximity
C) Allowing third parties to self-manage contacts
D) Using a centralized contact management system
2. Which of the following elements are typically included in Third-party Security Scoring?
(Choose two)
Response:
A) Financial health indicators
B) Compliance with environmental standards
C) Operational resilience
D) Cybersecurity posture
3. What is the primary objective of the Third-party Portal Configuration in ServiceNow?
Response:
A) To streamline third-party onboarding processes
B) To enable efficient interaction and communication between the organization and its third parties
C) To track the financial transactions of third parties
D) To store third-party compliance documents
4. In ServiceNow GRC, what is the function of "Indicators" in the context of monitoring control compliance for third-party risks?
Response:
A) They track financial transactions only
B) They provide metrics that measure the effectiveness of control activities related to third-party risks
C) They are used to send automated emails to third-party vendors
D) They serve as reminders for upcoming meetings
5. Third-party Security Scoring Configuration/Risk Intelligence aims to:
Response:
A) Assign random security scores for annual review purposes
B) Provide a numerical rating reflecting the security posture of third parties
C) Offer a qualitative assessment of third-party marketing strategies
D) Ensure compliance with international security standards
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C,D | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: B |
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