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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Third-Party Portal and Collaboration | 18% | - Request management: questionnaires, documents, evidence - Access management and permissions - Portal configuration, branding, and navigation - Communication and notification setup |
| Topic 2: Process Automation and Workflows | 19% | - Approval processes and escalation rules - Workflow design and customization - Task assignment and tracking - Issue and action item management |
| Topic 3: Reporting, Integration, and Compliance | 6% | - Compliance frameworks and regulatory alignment - Integration with GRC and other ServiceNow applications - Dashboards, reports, and analytics |
| Topic 4: Assessment Configuration and Management | 33% | - Inherent Risk Questionnaire (IRQ) configuration - Questionnaire templates and scales setup - Assessment types: internal, external, due diligence - Scoring calculations and risk rating determination - Assessment lifecycle, scheduling, and generation |
| Topic 5: TPRM Application Overview and Core Configuration | 24% | - Risk intelligence and integration configuration - Contacts and engagement setup - Third-party record management and hierarchy - Application architecture and key components - Risk domains, criteria, and scoring rules |
1. Which of the following elements are typically included in Third-party Security Scoring?
(Choose two)
Response:
A) Cybersecurity posture
B) Operational resilience
C) Financial health indicators
D) Compliance with environmental standards
2. Effective management of the Third-party Risk Assessment Lifecycle requires:
(Choose two)
Response:
A) Engagement with third parties for feedback on the assessment process.
B) Dependence on third-party self-assessment without verification.
C) Regular updates to risk assessment criteria based on changing risk landscapes.
D) Isolation of the risk assessment team from other business units to prevent bias.
3. What is crucial for maintaining the security of a Third-party Portal?
Response:
A) Ensuring all users have administrator access for convenience
B) Limiting portal access to office hours only
C) Implementing robust authentication and access control measures
D) Regularly changing the color scheme of the portal interface
4. In TPRM, what is the significance of the "due diligence" phase?
Response:
A) It is a legal requirement for all third-party contracts.
B) It is the process of collecting detailed information about a third-party before forming a business relationship.
C) It involves the continuous monitoring of the third-party,s performance.
D) It is primarily focused on negotiating service level agreements.
5. How does integrating Third-party Portal Configuration with risk management workflows impact organizational efficiency?
Response:
A) It automates and streamlines risk assessment processes, reducing manual effort
B) It increases the complexity of managing third-party relationships
C) It eliminates the need for continuous monitoring of third parties
D) It reduces the need for external communication with third parties
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: B,D | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |
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