Last Updated: Sep 03, 2026
No. of Questions: 167 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| Questionnaire Management | 20% | - Create and manage questionnaires - Configure questionnaire workflows - Build questionnaires using sections and questions - Assign questionnaires to third parties |
| Risk Assessment and Scoring | 20% | - Implement inherent and residual risk scoring - Configure risk calculation models - Automate risk scoring workflows - Define risk thresholds and matrices |
| Third-party Management | 20% | - Track third-party relationships and tiers - Configure SLA requirements - Manage third-party registry - Implement third-party lifecycle management |
| Remediation and Monitoring | 15% | - Configure monitoring workflows - Implement due diligence processes - Create and track remediation tasks - Generate risk dashboards and reports |
| Application Configuration | 25% | - Configure third-party types and categories - Configure risk assessment templates - Configure questionnaire templates - Configure TPRM foundational elements |
Question 1
Third-party Risk Issues are considered inactive when they enter this state:
Response:
A. Submitted to Third Party
B. Finalize with Third Party
C. Review
D. Closed
Question 2
How do technical assessments contribute to the overall Third-party Risk Management strategy?
Response:
A. By identifying potential technological risks that could impact the organization
B. By enhancing the third party's branding and market presence
C. By determining the third party,s customer service capabilities
D. By providing detailed financial analysis of third-party vendors
Question 3
The integration between ServiceNow GRC and Third-Party Risk Management modules facilitates what aspect of risk management?
Response:
A. It limits the amount of data that can be analyzed
B. It enables a holistic view of organizational and third-party risks
C. It ensures that all users get a daily motivational quote
D. It focuses solely on the aesthetic presentation of risk data
Question 4
Which feature in ServiceNow GRC helps in identifying the highest risk areas and prioritizing compliance activities?
Response:
A. The Document Storage System
B. The Heat Map visualization
C. The Social Media Integration module
D. The Email Campaign function
Question 5
What is the role of industry benchmarks in Third-party Security Scoring?
Response:
A. They simplify the security assessment process
B. They eliminate the need for custom scoring models
C. They set a fixed standard for all vendors
D. They allow for comparative analysis across similar third parties
Solutions:
| Question 1 Answer: D | Question 2 Answer: D | Question 3 Answer: B | Question 4 Answer: A | Question 5 Answer: A |
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