ServiceNow Certified Implementation Specialist – Vendor Risk Management — Question 44

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

Answer options

• 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

Correct answer: A, B

Explanation

Options A and B are correct because they focus on improving vendor security and managing risks related to vendor interactions. Options C and D are not objectives of Vendor Risk Management as they pertain more to negotiation and profitability rather than risk assessment and management.