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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Questionnaire Management | 20% | - Create and manage questionnaires - Build questionnaires using sections and questions - Configure questionnaire workflows - Assign questionnaires to third parties |
| Topic 2: Application Configuration | 25% | - Configure third-party types and categories - Configure questionnaire templates - Configure TPRM foundational elements - Configure risk assessment templates |
| Topic 3: Remediation and Monitoring | 15% | - Create and track remediation tasks - Implement due diligence processes - Generate risk dashboards and reports - Configure monitoring workflows |
| Topic 4: Risk Assessment and Scoring | 20% | - Implement inherent and residual risk scoring - Configure risk calculation models - Define risk thresholds and matrices - Automate risk scoring workflows |
| Topic 5: Third-party Management | 20% | - Track third-party relationships and tiers - Configure SLA requirements - Manage third-party registry - Implement third-party lifecycle management |
1. In ServiceNow, what is the purpose of the "Control Objective" within the GRC module?
Response:
A) To limit user access to confidential documents
B) To control the objectives of the organization,s annual retreat
C) To specify the intended outcome of implementing a control
D) To define the aesthetic objectives for the user interface
2. How does ServiceNow enable continuous monitoring of third-party risks?
Response:
A) By sending weekly emails to third parties asking if anything has changed
B) Through the integration of real-time data feeds and automated workflows
C) Using a physical bulletin board updated monthly
D) By requiring manual checks on a daily basis
3. __________ involves defining specific actions and responsibilities to address identified risks with third-party vendors.
Response:
A) Third-party Risk Process Workflow
B) Third-party Risk Task Configuration
C) Risk Mitigation Planning
D) Risk Assessment Methodology
4. Implementing __________ is key to ensuring that risk management changes are aligned with organizational policies and strategic objectives.
Response:
A) Third-party Risk Task Configuration
B) Approval and Workflow Process Changes
C) Strategic Risk Alignment
D) Third-party Risk Issue Configuration
5. Why is it important to regularly update the risk criteria used in third-party assessments?
Response:
A) To reduce the complexity of the assessment process
B) To ensure that the assessment process remains consistent over time
C) To reflect changes in the external environment and emerging risks
D) To maintain a stable relationship with the third party
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: C |
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