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Third-party Risk Management Fundamentals and Third-party Risk Management Review Questions

Practice questions for Third-party Risk Management Fundamentals and Third-party Risk Management Review topic in Certified Implementation Specialist - Third-Party Risk Management. 46 questions covering this domain.

46 questions13 easy20 medium13 hard
Q1
medium

After a requester submits a due diligence request, what type of identifier should the record receive?

Q2
easy

A risk lead wants one place to manage third-party relationships, assess risk, and track remediation. Which capability of ServiceNow TPRM addresses tha...

Q3
hard

After all due diligence assessments are closed, what state does the due diligence request enter next according to the standard flow?

Q4
hard

A manager wants to request risk intelligence tied to a due diligence request. When is that possible?

Q5
easy

Who can submit a due diligence request for an engagement in TPRM?

Q6
easy

Which statement best defines a third party in TPRM?

Q7
medium

A requester needs to start a renewal review for an existing relationship. Which due diligence request option should be selected?

Q8
easy

A sourcing team asks what an engagement represents in TPRM. Which answer is correct?

Q9
medium

During request intake, who decides whether to approve or reject the due diligence request before the IRQ process begins?

Q10
hard

During due diligence, the owner posts a question using Discuss. Where is that message recorded?

Q11
medium

A manager is explaining upstream supplier exposure. Which statement about fourth through nth parties is accurate in TPRM training?

Q12
hard

Which sequence best reflects the main due diligence workflow stages?

Q13
medium

What is true about importing historical third-party data from systems such as Aravo or ProcessUnity?

Q14
easy

Which capability is part of the core TPRM lifecycle?

Q15
medium

The TPRM Home page is primarily designed to show reports and quick actions for which users?

Q16
easy

Which TPRM user performs the final review and approval?

Q17
hard

Which optional TPRM feature requires an additional Google license after installation?

Q18
medium

What is the purpose of the List page in TPRM?

Q19
medium

Which Home page widget helps visualize distribution of risk ratings?

Q20
hard

Which statement accurately describes listed TPRM benefits?

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