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Which of the following is an objective of Vendor Risk Management? (Choose two.)
Suggested Answer: A, E
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37 comments · newest first
DE
Delsie
11 months ago
Surprised that A is an objective, thought it was just about risk!
LE
Levi
11 months ago
D? Really? Profitability isn't the main focus here.
PA
Pansy
11 months ago
C seems off, it's not about price.
SA
Sabina
12 months ago
A is also important, helps vendors get better!
SH
Sheridan
12 months ago
Definitely B! Managing risk is key.
CY
Cyndy
1 year 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?
TA
Taryn
1 year 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.
HU
Huey
1 year 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.
NI
Nidia
1 year 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.
AR
Aron
1 year 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.
CA
Cassie
1 year 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.
JA
Janae
1 year 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.
TU
Tula
1 year 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.
TI
Tiera
1 year 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.
MO
Mozell
1 year 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.
SO
Sommer
1 year 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.
VA
Valentin
1 year 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.
KI
Kimi
1 year ago
I remember something about how routes need to go through a route map first—does that relate to option A?
IN
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!
ZO
Zona
1 year ago
B) To assess and manage the risk from interactions with vendors and third parties
HE
Helaine
1 year ago
A) To help vendors improve their security posture and preparedness
RA
Rachael
2 years 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.
NI
Nicolette
1 year ago
It's important to focus on assessing and managing risk with vendors, not negotiating prices or checking their profitability.
OR
Oren
1 year ago
C and D are definitely not the main goals of Vendor Risk Management.
PH
Phil
1 year ago
I agree, A and B are the correct objectives for Vendor Risk Management.
JU
Junita
2 years ago
Definitely A and B. Gotta make sure those vendors have their security act together before we let them anywhere near our data.
CA
Cammy
2 years ago
Haha, D? Really? Profitability? Vendor Risk Management is about minimizing risks, not maximizing vendor profits!
SA
Sabrina
1 year ago
A) To help vendors improve their security posture and preparedness
RO
Royal
1 year ago
Haha, D? Really? Profitability? Vendor Risk Management is about minimizing risks, not maximizing vendor profits!
RE
Rebbeca
1 year ago
B) To assess and manage the risk from interactions with vendors and third parties
LO
Lorean
1 year ago
A) To help vendors improve their security posture and preparedness
PA
Pauline
2 years 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.
SH
Sherrell
1 year ago
B) To assess and manage the risk from interactions with vendors and third parties
SH
Sherrell
1 year ago
A) To help vendors improve their security posture and preparedness
CH
Chau
2 years 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.
BR
Brandee
2 years ago
I agree with Deeanna. It's important to ensure that vendors have adequate measures in place to mitigate risks.
DE
Deeanna
2 years ago
I think the objective of Vendor Risk Management is to assess and manage the risk from interactions with vendors and third parties.