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ServiceNow CIS-VRM Exam - Topic 1 Question 23 Discussion

Which of the following is an objective of Vendor Risk Management? (Choose two.)
A) To help vendors improve their security posture and preparedness
B) To assess and manage the risk from interactions with vendors and third parties
C) To help negotiate the best possible price for a product or service from the vendor
D) To verify that vendors have adequate measures and processes in place to ensure profitability of vendor

ServiceNow CIS-VRM Exam - Topic 1 Question 23 Discussion

Actual exam question for ServiceNow's CIS-VRM exam
Question #: 23
Topic #: 1
[All CIS-VRM Questions]

Which of the following is an objective of Vendor Risk Management? (Choose two.)

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Suggested Answer: A, E

by Reita at Apr 24, 2024, 05:36 PM

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Delsie
9 months ago
Surprised that A is an objective, thought it was just about risk!
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Levi
10 months ago
D? Really? Profitability isn't the main focus here.
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Pansy
10 months ago
C seems off, it's not about price.
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Sabina
10 months ago
A is also important, helps vendors get better!
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Sheridan
10 months ago
Definitely B! Managing risk is key.
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Cyndy
11 months ago
I’m torn between A and D. I know Vendor Risk Management focuses on security, but D seems more about profitability, which isn’t the main goal, right?
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Taryn
11 months ago
I practiced a question similar to this, and I think A and B were the answers. Helping vendors improve their security sounds like a good goal.
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Huey
11 months ago
I remember discussing how Vendor Risk Management is about assessing risks, so I feel like B is right. A seems plausible too, but I’m not completely sure.
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Nidia
11 months ago
I think option B is definitely one of the objectives since managing risk with vendors is crucial. Not sure about the second one though.
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Aron
11 months ago
Vendor risk management is all about identifying and mitigating the risks from third-party relationships. The first two options capture that well, so I'll go with those.
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Cassie
11 months ago
This seems straightforward. The key objectives are to assess and manage vendor risks, and to help vendors enhance their security. I'll select those two choices.
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Janae
11 months ago
I'm a bit unsure about this one. I know vendor risk management is important, but I'm not totally clear on the specific objectives. I'll have to make an educated guess here.
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Tula
11 months ago
Okay, I've got this. The main goals are to assess and manage the risks from working with vendors, and to help vendors improve their security. I'll select those two options.
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Tiera
11 months ago
Hmm, this looks like a tricky one. I'll need to carefully read through the options and think about the key objectives of vendor risk management.
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Mozell
11 months ago
Okay, I think I've got this. The audit committee's role is to review fraud, not charge staff with action. That's not their responsibility in the plan.
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Sommer
11 months ago
Okay, let me think this through. The question says Advisor Link needs to provide certain functionality, including integrating with Outlook calendar. That makes me think Calendar syncing is probably included and wouldn't require a third-party app. I'm leaning towards Degree visualization as the answer that may need a separate app.
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Valentin
12 months ago
Hmm, I'm a bit unsure about this one. I know Panorama is used for central management, but I'm not sure how HA would specifically benefit the management layer. I'll need to think through the different options carefully.
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Kimi
12 months ago
I remember something about how routes need to go through a route map first—does that relate to option A?
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In
1 year ago
Option D - 'To verify that vendors have adequate measures and processes in place to ensure profitability of vendor'. Clearly, the exam writer has a keen eye for vendor comedy!
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Zona
1 year ago
B) To assess and manage the risk from interactions with vendors and third parties
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Helaine
1 year ago
A) To help vendors improve their security posture and preparedness
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Rachael
1 year ago
I'm going with A and B. C and D are just silly - this isn't about haggling or checking the vendor's books.
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Nicolette
1 year ago
It's important to focus on assessing and managing risk with vendors, not negotiating prices or checking their profitability.
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Oren
1 year ago
C and D are definitely not the main goals of Vendor Risk Management.
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Phil
1 year ago
I agree, A and B are the correct objectives for Vendor Risk Management.
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Junita
1 year ago
Definitely A and B. Gotta make sure those vendors have their security act together before we let them anywhere near our data.
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Cammy
1 year ago
Haha, D? Really? Profitability? Vendor Risk Management is about minimizing risks, not maximizing vendor profits!
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Sabrina
1 year ago
A) To help vendors improve their security posture and preparedness
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Royal
1 year ago
Haha, D? Really? Profitability? Vendor Risk Management is about minimizing risks, not maximizing vendor profits!
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Rebbeca
1 year ago
B) To assess and manage the risk from interactions with vendors and third parties
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Lorean
1 year ago
A) To help vendors improve their security posture and preparedness
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Pauline
1 year ago
A and B seem like the right objectives for Vendor Risk Management. Helps assess and manage vendor risks, not just get the best price.
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Sherrell
1 year ago
B) To assess and manage the risk from interactions with vendors and third parties
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Sherrell
1 year ago
A) To help vendors improve their security posture and preparedness
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Chau
1 year ago
I believe another objective is to help vendors improve their security posture and preparedness. This can ultimately benefit both parties in the long run.
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Brandee
1 year ago
I agree with Deeanna. It's important to ensure that vendors have adequate measures in place to mitigate risks.
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Deeanna
1 year ago
I think the objective of Vendor Risk Management is to assess and manage the risk from interactions with vendors and third parties.
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